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

What is Debt-to-Income Ratio (DTI)?

Debt-to-income ratio (also known as DTI) calculates the percentage of your monthly income that goes toward paying your monthly debt obligations. It is an important indicator of your financial health because it gives a lender a sense of whether you will be able to … Read More

What Do I Need to Apply for a Personal Loan?

Woman in front at home office desk reviewing how to apply for a personal loan
Personal loan process steps

If you’ve done your research on debt consolidation, you’ve probably thought about how to get a personal loan at some point. But do you know what steps to take to complete the process?

When you apply for a loan, a lender will assess your ability… Read More