Wondering, “Am I eligible for a personal loan?” Find what it takes to be eligible for a personal loan with these resources from Discover® Personal Loans.

10 Things You Need to Know About Personal Loans

A couple looking online for information on personal loans.

If you’re confused about what to know about personal loans, you’re not alone.

First, what is a personal loan? How high or low are the interest rates? What’s involved in taking out a personal loan? Do you need collateral? What about your credit score?

There’s a lot of … Read More

How to Read a Credit Report and What It Means

Young woman focuses as she looks at her laptop.

Your credit history is one of the most important pieces of information in your financial life. Your credit report is a snapshot of your credit history.

Understanding your credit report may help you both protect and improve your financial health. The information … Read More

What Do I Need to Apply for a Personal Loan?

A woman seated on a couch looks at a laptop.

To apply for a personal loan you will need to meet several requirements defined by your lender, and you’ll want to have specific documents on hand.

We’ve laid out five steps to help you prepare to apply for a personal loan, including how to understand your eligibility… Read More

What is Debt-to-Income Ratio?

Debt-to-income ratio (or DTI) is an important indicator of your financial health. It calculates how much of your monthly income goes toward paying current debt (including mortgage and rent payments).

Lenders may use your DTI to determine their risk in lending to… Read More