Just by reading comments here I realize what is going on. Given there are many more negative than positive comments, one can assume that Lending Club has made the barriers to funding very high.
My guess is that, after a substantial effort, 90%+ applicants are rejected. That is because the first priority of their business model is to assume as close to zero risk as possible. So they will be looking for ANYTHING that suggests even a remote possibility of a failure to pay the loan back. That means that a lot of people who obviously have the means and determination to pay everything LC wants, will be rejected, and will have wasted a lot of time applying.
Or they will paying a high interest rate plus fees, and end up worse off than doing nothing! And LC isn't going to tell you this upfront, because that would hurt the quantity of applicants, including the small number that do qualify. The long and the short of it is, if you don't qualify for a credit card or other type of loan, you should skip LC. They pretend to be a consolidation lender, but they are not.
They are in this business to make a lot of money and while incurring little or no risk. So are they scammers? That would be yes, because they are misrepresenting their objectives ("hidden agenda") and cloaking their policy and procedures.
PS...LC seems to have a comeback for every negative comment--I would consider the source and disregard all of them. [Note: I warrant and represent that the information presented heretofore is truthful and accurate to the best of my knowledge, but it is solely my opinion.]
Review about: Lending Club Loan.