<prompt> Human: Im looking at doing a consolidation loan to alleviate the interest rates on my credit cards eating me alive. I make the payments okay but the interest is killing me. Im prequalified for a bunch of shit, allegedly, through credit karma, but weary of online lenders. Is Lending Club legit and worth trying?Ive considered going next door to the local credit union but I worry about getting dinged for applying and not getting approved. I could just be being paranoid. Edit - Thank you all for the information and advice. I found myself a good loan and I got the process started. Ridiculously easy, almost frighteningly so. Again, thank you all!  <response>: For borrowers, it is probably fine. Theyre regulated by the SEC and are filing the appropriate reports. For lenders, they were caught selling loans to people that didnt meet the lenders criteria. The CEO got canned over it and they say theyve addressed it, but SEC and DOJ have been investigating it. 