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I ran across Rex Dixon’s blog. He is the Social Media Director at Lending Club. I think that means that he blogs, searches forums and blogs to comment, and does other cool stuff that most of us do for free. (Are you jealous too?) Anyway, Rex Dixon blogged on Lending Club and he did disclose that he works for Lending Club.

Speaking of Lending Club and Who is Who, I must note that if you go to my review of my initial Lending Club experience, the CEO of Lending Club (Renaud Laplanche) responded. Thanks Renaud!

Anyway, in Rex’s post on Lending Club, he stated nothing out of the norm. To just take an excerpt:

Caught in the wake of the credit crisis, people in every community across America are looking for alternatives to traditional banks and credit institutions to help meet their financial needs. Over the course of the last six months, lenders have earned an average 12.2 percent annualized return after fees and losses.

Members of Lending Club have loaned and borrowed more than $3.5 million within the network, growing 100 percent monthly since it launched six months ago. To help people identify lending and borrowing opportunities, Lending Club uses its proprietary affinity-matching technology, LendingMatch ™. See these statistics for more information.

Rex often posts in the P2P No Bank Forums.

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