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Dog-faced pony soldier
Join Date: Feb 2004
Location: A Rock Surrounded by a Whole lot of Water
Posts: 34,187
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Yes, but they still report to you (or did, as I recall) the % of defaults based on the APR% you were charging - adjusted per their "final terms" to the borrower. So at the end of it all, it was a wash.
I get what you're saying (higher rate = higher likelihood of default), but they did account for this. I imagine other P2P sites do similar.
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A car, a 911, a motorbike and a few surfboards
Black Cars Matter
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