SoLo Score Explained
Your SoLo Score determines how much you can borrow and how fast lenders fund you. Here's everything you need to know.
What Is a SoLo Score?
Your SoLo Score is a proprietary creditworthiness metric used by SoLo Funds to determine how much you can borrow and how attractive your loan request is to potential lenders. Unlike a traditional FICO score, it evaluates your financial behavior within the SoLo ecosystem.
What Affects Your SoLo Score?
Regular income deposits, positive balance history, and low overdraft frequency all improve your score. Connect your primary bank account for the best results.
On-time repayments are the single biggest driver of score increases. Each successful repayment raises your limit. Missed payments significantly hurt your score.
Using the SoLo Wallet, checking the app regularly, and engaging with SoLo IQ coaching features can positively influence your score over time.
Stable, predictable income (even irregular gig income) demonstrates repayment ability. SoLo's algorithms analyze transaction patterns over time.
How to Boost Your SoLo Score
Follow these steps consistently to grow your borrowing limit over time.
Always Repay on Time
The single most effective action. Set calendar reminders for your due date and ensure your bank account has sufficient funds 1–2 days before repayment.
Connect Your Primary Account
Link the bank account that receives your regular income, not a secondary or savings account. SoLo needs to see consistent cash flow.
Use the SoLo Wallet
Actively using your SoLo Wallet for transactions signals platform engagement and builds your profile over time.
Start Small, Build Up
Don't try to borrow $500 on your first request. Start with your eligible limit, repay successfully, and let your score grow organically.
Maintain a Positive Bank Balance
Avoid overdrafts and NSF fees in the weeks surrounding your SoLo loan requests. Negative account behavior is visible to the scoring algorithm.
What Actually Affects Your SoLo Score
SoLo Funds hasn't publicly disclosed the exact formula, but based on user experience and platform documentation, these are the confirmed factors.
📈 Factors That Raise Your Score
- ✓ Repaying loans on time or early
- ✓ Successfully repaying multiple loans over time
- ✓ Being active on the platform (regular logins, engagement)
- ✓ Fully verifying your identity and bank account
- ✓ Offering fair tips (not too low) as a borrower
- ✓ Lending money to others successfully (if you also lend)
📉 Factors That Lower Your Score
- ✗ Missing repayment due dates
- ✗ Requesting loans and then cancelling
- ✗ Not verifying identity documents
- ✗ Unusually low tip offers repeatedly
- ✗ Bank account showing frequent overdrafts
- ✗ Extending loans repeatedly
5 Proven Ways to Increase Your SoLo Score
1. Start Small and Repay Fast
Your first 2–3 loans should be small ($20–$50) and repaid ahead of schedule. This builds a track record without much risk. Once you have 3–5 successful repayments, your score is high enough to request larger amounts.
2. Never Miss a Repayment Date
This is the single biggest factor. One late repayment can wipe out gains from 5+ on-time repayments. Set calendar reminders 2 days before the due date, and make sure your bank account has the funds.
3. Verify Everything on Your Profile
Complete identity verification, link your bank account, verify your phone, and add profile info. Verified accounts have higher scores at baseline and get funded faster by lenders.
4. Stay Active Even When Not Borrowing
Open the app regularly, check community activity, and engage with SoLo IQ features. Dormant accounts see gradual score decay. Active engagement signals you're a real, reliable community member.
5. Try Lending Small Amounts
If you have a few extra dollars, try lending $20–$50 to a well-reviewed borrower. Successful lending activity contributes positively to your overall SoLo Score. You also gain valuable insight into how lenders evaluate requests.
SoLo Score Tiers and What They Unlock
While SoLo Funds doesn't publish exact tier thresholds, community observation suggests the following rough correspondence between score and borrowing power.
| Tier | Approx. Score Range | Max Loan | Typical Time to Fund |
|---|---|---|---|
| New borrower | Under 400 | $20–$50 | 2–48 hours |
| Growing | 400–550 | $50–$150 | 1–24 hours |
| Established | 550–700 | $150–$300 | 30 min–4 hours |
| Trusted | 700–850 | $300–$500 | 10 min–1 hour |
| Elite | 850+ | Up to $625 | ~20 minutes |
These tier ranges are estimates based on community observation and are not officially confirmed by SoLo Funds. Actual mechanics may vary.