Personal Finance

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.

Your credit score is a key part of your financial profile. A higher score can make it easier to qualify for personal loans, lines of credit, and other financial products. Improving your credit score takes time and consistency, but even small changes in your habits can lead to meaningful results.

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.