
The End: A Reflection on the History of LendingMemo
It’s been more than ten years since my last post, and the site is getting archived today, so I thought it might be good to end LendingMemo by sharing its entire story.
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- Jason in Detroit, MI

in Editorials
It’s been more than ten years since my last post, and the site is getting archived today, so I thought it might be good to end LendingMemo by sharing its entire story.
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To help prospective investors, I have broken down the average registration and investment process below.
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in Editorials
Five weeks ago the London-based newspaper Financial Times broke a story that Wells Fargo, one of the largest banks in the world, had issued a memo banning their staff from taking part in Lending Club and Prosper. This was big news.
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Lending Club and Prosper are two options for getting an online loan. But which is better for your situation? Dear reader, you are in luck. I have taken a loan out from both companies, and have seen how they compare.
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I knew that Lending Club was a good option for a loan, but I wanted to see what they would offer me. So last Monday I booted up my computer and went to their website to check my rate.
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I knew the rates on loans at Prosper were some of the lowest in the nation, but I was curious to see what interest rate they would offer me. So one Thursday morning I sat on my couch, turned on my computer, and went to their website to see for myself.
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Hello dear visitor! This site used to be active but today is no longer being maintained. While some of the writing may be still enjoyable these years later, please do not rely on this site for current borrowing or lending information.
Simon Cunningham — January 2026