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Lending Club Exceeds $5 Billion in Personal Loans

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Financial Innovation

…[Lending Club’s] rapid progress – loans have roughly doubled every year – has fuelled breathless talks of big banks and credit-card peddlers being 'disrupted' in the same way taxi companies have been by Uber, based just down the road in San Francisco.

The Economist

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Andy

"The interest rate on my loan through Lending Club is a third less than what I was paying before, and it’s very satisfying to know that there is an end date for being done with my debt."