Dive into personal loan basics to learn when and how they might be a good choice for borrowing money. Additionally, Discover offers resources to help you prepare for taking out a personal loan.

Inflation and Interest Rates: What’s the Link?

Woman looks at her grocery receipt

You have probably noticed the rising cost of groceries, gas, and cars. Maybe you also recall hearing about the Federal Reserve (“the Fed”) raising interest rates several times in recent years.

Why do interest rates go up when inflation is high? And how does it affect… Read More

What is Good Debt vs. Bad Debt?

Couple embraces each other standing in front of home

Many people think that you should avoid any kind of debt. But not all debt is bad. Debt may be “good” when it helps you establish credit and build wealth. Debt can be considered “bad” if it’s costly, hurts your credit score, or makes it harder to reach your financial goals.… Read More

A Guide to Financial Wellness in Five Steps

Woman sits at desk reviewing papers in front of a laptop.

When it comes to improving the quality of your life, focusing on your financial wellness — living within your means, creating safety nets, and developing financial goals — may pay off.

Improving your financial health may empower you to achieve other money-related… Read More

What Is an Installment Loan?

Man looking at papers with laptop open

Whether you need to consolidate debt or manage one of life’s big events, a personal installment loan could help you pay for it. With a fixed interest rate and set regular monthly payments, an installment loan can bring predictability to your budget. Keep reading to… Read More