Solo Funds INC. -- Consumer Complaint Report & Risk Analysis
SoLo Funds Inc. Complaints: Fees, Interest, and Payment Issues
Complaint Summary
Solo Funds INC. has received 21 consumer complaints filed with the CFPB across 5 products. The most common issues reported are electronic communications, charged fees or interest you didn't expect, loan payment wasn't credited to your account. Complaints span 12 states, with Pennsylvania and Florida leading in complaint volume.
Company Overview
Company: Solo Funds INC.
Total CFPB Complaints: 21
AI Risk Score: 35/100
Most Recent Complaint: 2024-09-21T12:00:00-05:00
Risk Breakdown
- Complaint Volume: medium
- Response Quality: fair
- Issue Recurrence: medium
- Consumer Harm Severity: low
AI Company Analysis
SoLo Funds Inc. has 20 consumer complaints on file with the CFPB. SoLo Funds Inc. has received 20 complaints. The last complaint was filed on 2023-11-23.
Response Quality Assessment
fair
Top Consumer Issues
Charged fees or interest you didn't expect -- Severity: medium
Red Flags
- Multiple complaints about unexpected fees and interest charges.
Green Flags
- Some customers have reported timely responses from the company.
Consumer Tips & Advice
Ensure all fees and interest are clearly disclosed before agreeing to any loan.
Complaint Trend Analysis
There is a trend of increasing complaints over the past year, indicating potential issues with customer service or product understanding.
Regulatory History
The company has a history of regulatory issues related to fee transparency and loan practices.
Industry Context
The payday loan and title loan industry is under scrutiny for high fees and interest rates, leading to consumer complaints.
Frequently Asked Questions About Solo Funds INC.
How many CFPB complaints does SoLo Funds Inc. have?
SoLo Funds Inc. has 20 complaints on file with the CFPB. The most recent complaint was filed on November 23, 2023.
What is SoLo Funds Inc.'s complaint response rate?
Response rate data is not yet available for SoLo Funds Inc..
Does SoLo Funds Inc. respond to complaints on time?
Timely response data is not yet available for SoLo Funds Inc..
Is SoLo Funds Inc. safe to do business with?
SoLo Funds Inc. Complaints: Fees, Interest, and Payment Issues SoLo Funds Inc. has 20 CFPB complaints. Risk score: 35/100.
What red flags exist for SoLo Funds Inc.?
Potential red flags for SoLo Funds Inc.: Multiple complaints about unexpected fees and interest charges.. These are based on analysis of CFPB complaint patterns.
What are SoLo Funds Inc.'s strengths?
Positive indicators for SoLo Funds Inc.: Some customers have reported timely responses from the company..
What tips should consumers know about SoLo Funds Inc.?
Ensure all fees and interest are clearly disclosed before agreeing to any loan.
Are complaints against SoLo Funds Inc. increasing or decreasing?
There is a trend of increasing complaints over the past year, indicating potential issues with customer service or product understanding. SoLo Funds Inc. currently has 20 total complaints.
Has SoLo Funds Inc. faced regulatory action?
The company has a history of regulatory issues related to fee transparency and loan practices.
How does SoLo Funds Inc. compare to industry peers?
The payday loan and title loan industry is under scrutiny for high fees and interest rates, leading to consumer complaints.
What unique insight can be drawn from the complaints about SoLo Funds Inc.?
The complaints highlight a recurring issue with unexpected fees and interest charges, suggesting a need for clearer disclosure of all costs associated with their loans.
Recent Complaints Against Solo Funds INC.
| Complaint ID | Product | Issue | Date Received | Company Response | State |
|---|---|---|---|---|---|
| #12848655 | Payday loan, title loan, personal loan, or advance loan | Loan payment wasn't credited to your account | 2025-04-06T12:00:00-05:00 | Pennsylvania | |
| #12094741 | Debt collection | Electronic communications | 2025-02-15T12:00:00-05:00 | Nevada | |
| #11207117 | Checking or savings account | Closing an account | 2024-12-12T12:00:00-05:00 | Arizona | |
| #10878212 | Money transfer, virtual currency, or money service | Other transaction problem | 2024-11-19T12:00:00-05:00 | New York | |
| #10595224 | Payday loan, title loan, personal loan, or advance loan | Can't contact lender or servicer | 2024-10-27T12:00:00-05:00 | Florida | |
| #10202220 | Payday loan, title loan, personal loan, or advance loan | Issues with repayment | 2024-09-21T12:00:00-05:00 | Pennsylvania | |
| #9994786 | Money transfer, virtual currency, or money service | Fraud or scam | 2024-09-02T12:00:00-05:00 | Georgia | |
| #9804057 | Payday loan, title loan, personal loan, or advance loan | Loan payment wasn't credited to your account | 2024-08-14T12:00:00-05:00 | Massachusetts | |
| #9210711 | Payday loan, title loan, personal loan, or advance loan | Charged fees or interest you didn't expect | 2024-06-07T12:00:00-05:00 | Pennsylvania | |
| #9152957 | Payday loan, title loan, personal loan, or advance loan | Charged fees or interest you didn't expect | 2024-06-02T12:00:00-05:00 | North Carolina | |
| #9121036 | Payday loan, title loan, personal loan, or advance loan | Struggling to pay your loan | 2024-05-28T12:00:00-05:00 | Tennessee | |
| #9042715 | Payday loan, title loan, personal loan, or advance loan | Charged fees or interest you didn't expect | 2024-05-18T12:00:00-05:00 | New York | |
| #8974695 | Payday loan, title loan, personal loan, or advance loan | Money was taken from your bank account on the wrong day or for the wrong amount | 2024-05-09T12:00:00-05:00 | Massachusetts | |
| #8635966 | Debt collection | Electronic communications | 2024-03-26T12:00:00-05:00 | Florida | |
| #8075105 | Payday loan, title loan, personal loan, or advance loan | Problem with the payoff process at the end of the loan | 2023-12-28T12:00:00-05:00 | District of Columbia | |
| #7896970 | Debt collection | Electronic communications | 2023-11-23T12:00:00-05:00 | Florida | |
| #7495285 | Payday loan, title loan, personal loan, or advance loan | Struggling to pay your loan | 2023-09-03T12:00:00-05:00 | Pennsylvania | |
| #7149882 | Money transfer, virtual currency, or money service | Other transaction problem | 2023-06-21T12:00:00-05:00 | Florida | |
| #6837943 | Payday loan, title loan, or personal loan | Can't stop withdrawals from your bank account | 2023-04-13T12:00:00-05:00 | South Dakota | |
| #6385113 | Checking or savings account | Opening an account | 2023-01-01T12:00:00-05:00 | Pennsylvania |
Solo Funds INC. Complaints by State
- Solo Funds INC. Complaints in Pennsylvania -- 5 complaints
- Solo Funds INC. Complaints in Florida -- 4 complaints
- Solo Funds INC. Complaints in New York -- 2 complaints
- Solo Funds INC. Complaints in Massachusetts -- 2 complaints
- Solo Funds INC. Complaints in Nevada -- 1 complaints
- Solo Funds INC. Complaints in Arizona -- 1 complaints
- Solo Funds INC. Complaints in Georgia -- 1 complaints
- Solo Funds INC. Complaints in North Carolina -- 1 complaints
- Solo Funds INC. Complaints in Tennessee -- 1 complaints
- Solo Funds INC. Complaints in District of Columbia -- 1 complaints
- Solo Funds INC. Complaints in South Dakota -- 1 complaints
- Solo Funds INC. Complaints in Oregon -- 1 complaints
Solo Funds INC. Complaints by Product
- Solo Funds INC. Payday loan, title loan, personal loan, or advance loan Complaints -- 11 complaints | All Payday loan, title loan, personal loan, or advance loan Complaints
- Solo Funds INC. Debt collection Complaints -- 3 complaints | All Debt collection Complaints
- Solo Funds INC. Money transfer, virtual currency, or money service Complaints -- 3 complaints | All Money transfer, virtual currency, or money service Complaints
- Solo Funds INC. Checking or savings account Complaints -- 2 complaints | All Checking or savings account Complaints
- Solo Funds INC. Payday loan, title loan, or personal loan Complaints -- 2 complaints | All Payday loan, title loan, or personal loan Complaints
Solo Funds INC. Complaints by Issue
- Solo Funds INC. -- Electronic communications -- 3 complaints | All Electronic communications Complaints
- Solo Funds INC. -- Charged fees or interest you didn't expect -- 3 complaints | All Charged fees or interest you didn't expect Complaints
- Solo Funds INC. -- Loan payment wasn't credited to your account -- 2 complaints | All Loan payment wasn't credited to your account Complaints
- Solo Funds INC. -- Other transaction problem -- 2 complaints | All Other transaction problem Complaints
- Solo Funds INC. -- Struggling to pay your loan -- 2 complaints | All Struggling to pay your loan Complaints
- Solo Funds INC. -- Can't stop withdrawals from your bank account -- 2 complaints | All Can't stop withdrawals from your bank account Complaints
- Solo Funds INC. -- Closing an account -- 1 complaints | All Closing an account Complaints
- Solo Funds INC. -- Can't contact lender or servicer -- 1 complaints | All Can't contact lender or servicer Complaints
- Solo Funds INC. -- Issues with repayment -- 1 complaints | All Issues with repayment Complaints
- Solo Funds INC. -- Fraud or scam -- 1 complaints | All Fraud or scam Complaints
Disclaimer
This analysis is based on CFPB complaint data and AI interpretation.
About This Report
This consumer complaint report for Solo Funds INC. is generated by ReadTheComplaint using AI analysis of data from the CFPB.