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For example, 83 percent of vehicle title loans being reborrowed on the same day that a previous loan was due, and 85 percent of vehicle title loans are reborrowed within 30 days of a previous vehicle title loan.
Lenders on the site now choose which kinds of borrowers they'd like to invest in, but not how much to charge those borrowers for loans; the riskier the loans you're willing to make, the more you're likely to get back in interest.
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However, when we include credit fees in the calculation for the percentage it gives us the APR.
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