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Discover®️ Personal Loans Review
27 Customer Comments & Reviews - see all comments
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Discover personal loans are a product of Discover Financial Services, Inc., an Illinois-based company that is best known for its credit cards. The firm is one of America's financial giants, with over $93 billion in assets. In additional to personal loans, the company offers home loans, student loans, banking, credit cards, and debit cards.
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27 Customer Comments & Reviews
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Total nightmare. We obtained a loan for a better interest rate on an existing loan that we had, and after sending tons of documentation to obtain the loan, received our checks to pay off the existing loan and provide a little bit of extra money. Then, without warning, they stopped payment on the checks, leaving us with NSF fees and penalties from our existing loan that was to be paid off. After five hours on the phone with five different people at Discover, we were told that they have had "significant problems with fraud" and were concerned because we had a new address (we had moved three months prior). We received no phone call or email from Discover about the concerns; we found out after... Read More
Worked out well, after initial reviews. They had more verfication requirements but the terms and customer service has been good.
Seriously? I have a hard credit pull on my credit report, and I am caught up in sending more... some more.. identification documents, after sending my passport, utility bills, w2s and 30 other documents.
Discover personal loans is a scam! Just another bait and switch predatory lender. I will never do business or recommend Discover products to anyone I know. Stay far away from this very deceptive company
They’re a subprime lender. I used them once to consolidate a few credit cards. My score at the time was 620. I paid the loan off in 14 months and was sent multiple letters stating I had an impeccable payment history with them. A year later I was sent a pre approved offer. I thought I’ll use this to remodel a room down stairs into a theater. My score was around 760….. denied! Lol when my letter came it said I had too many accounts opened this year 1 haha and my account history was too short. I have ten years of perfect payment history on 16 accounts. This company is akin to a predatory lender and I would avoid the at all costs. Their credit cards are fine but the loans are for people... Read More
Poor Service. Prequalification is a joke. Do not apply. This folks are full of Kacka
We applied for a Discover Personal Loan and provided the information requested on line. The next step was to speak with a representative and verified what had been put on line, gave our banking information and permission to pull a credit report. We buy real estate and think very carefully before having a hit to our credit report. This was one of those times we thought the benefit was worth the pull to get funds to update a kitchen and electric. We do not carry a mortgage on any property to avoid closing costs and this was another benefit of the Discover Personal Loan. My credit rating is around 800 and I felt this personal loan would be an easy fairly non invasive loan. At the end of the... Read More
Never ever use Discover Personal Loans. I have been paying a 15,000 loan off for years. I have paid over 14,000 in payments on time over the years and I still owe 14, 725.00. I have put many complaints in but the answer is always the same. That is how these loans work, they capitalize on the interest. It is amazing how the banking industry is allowed to prey on students and parents. Does not make sense- continue to fight and write to your Congressman and anybody who will listen!!!!!!!!! I would give it a zero rating but not a choice!!
Borrowed $25,000.00 from Discover Personal Loans. Account Opended: Jan 16th 2014 They advertise 6.99% - 24.99%. At the time of the loan I had excellent credit and my interest rate was 15.99%. First payment 02/2014 Made 57 Payments on time at $500.00 = $28,500.00 Payed off loan 11/07/18 = $10,172.39 ------------ Total Paid: $38,672.39 That's $13,672.39 Profit for Discover Now they want $209.00 More. I am not paying you another penny. My advice is to never use Discover Personal Loans.... Read More
The mailings made it seem like it was likely to get a low rate of 6.99% (with my very excellent credit and FICO Score near 800). I wanted a rate lower or at least similar to my recent personal loan at Marcus.com. That’s at 8.99% without any fees. The mailing said it was simple to apply and check my rate by going to DiscoverPersonalLoans.com and entering my reservation number. I did that asking for a 15k loan and even though I was “preapproved” they still wanted lots of online info. After completing the loan application, I am next told I must call to get a rate quote, oddly not available online. I was thinking why the need to call as all I wanted to see at that point was my interest rate... Read More
Top Rated
Our Partner
- Get personalized pre-qualified rates from multiple lenders.
- 2 Minute Process
- Loans from $600 - $200,000
- Rates from 6.94% - 35.99% APR
- Loan terms of 1 - 7 years.
- Rated A+ by the BBB