Credit & Loan Explainers for Canadians | Fig Financial
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Credit & Loans

Clear answers on credit and borrowing.

2 Articles

Understanding How Interest Works on Your Fig Loan
Understanding How Interest Works on Your Fig Loan
Fig loans use simple interest, which means interest is calculated only on your principal loan balance, not on accumulated interest. Understanding how this works can help you manage your loan more effectively and reduce the total cost over time.
Credit & Loans
Fig. Team ・ 5 min read ・ Sep 25, 2025
What's the Difference Between Personal Loans, Credit Cards, and Lines of Credit?
What's the Difference Between Personal Loans, Credit Cards, and Lines of Credit?
Personal loans, credit cards, and lines of credit each offer different benefits, and choosing the right one depends on your financial goals, repayment ability, and how you intend to use the funds.
Credit & Loans
Fig. Team ・ 9 min read ・ Sep 25, 2025

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