Duncan Riley of Techcrunch published an article a couple days ago about Lending Club surpassing the $100,000 mark in loans to Facebook users. This is pretty remarkable. The concept behind Lending Club is pretty simple. Users get better rates than their personal savings accounts by lending money to other users that have gone through a credit check. The benefit to borrowers is significantly lower rates than banks typically charge. It is a highly effective lending system and is poised for explosive growth. This is a significant amount of money that has already exhanged hands via Facebook and there is already over $200,000 in outstanding applications that have yet to be approved. This is big. If you want to get in on the personal lending action then go grab the Lending Club application.