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.
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
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
If you’re thinking about consolidating debt or looking for a loan to cover some unexpected expense or major purchase, maybe you’ve researched personal loans.
When you apply for a loan, a lender will assess your ability to pay it back in full. Whether or not your personal… Read More
Every year, millions of people use personal loans for many reasons, from consolidating debt to paying for weddings or emergencies. Nonetheless, some consumers are hesitant to apply for a personal loan for fear it may hurt their credit score. This is an understandable… Read More