FIG loans are short-term, high-interest loans that are typically offered by alternative lenders or online lenders. They are often used to cover unexpected expenses or to bridge the gap between paychecks. These loans are typically for small amounts, ranging from a few hundred to a few thousand dollars, and are typically due in full within a few weeks or months. Interest rates on FIG loans can be very high, and these loans can be expensive for borrowers if they are unable to pay them off in a timely manner. It’s important for borrowers to carefully consider their financial situation and the terms of the loan before taking out a FIG loan, and to make sure they understand the risks and potential costs associated with these types of loans.