Posted by
Josiah on Aug 7, 2007 in
Social,
Web 2.0 |
0 comments
Social lending sites have always peeked my interest, but I’ve never thought of myself as a candidate (as I generally don’t have any credit issues). LendingClub appears to be another entrant into the social money swap arena, hopefully they’re not too late.
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Lending Club is an online lending community where people borrow and lend money, bypass the banks, and get better rates. By working together, members can borrow money at a better rate than they would get from a bank, or invest in a portfolio of loans at higher rates than those served by savings accounts or CDs.
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