The amount you will have paid after you have made all payments as scheduled. The loan agreement you sign legally obligates you to repay the loan. Make sure to read the contract before signing it and retain your copy for your records. If you have not renewed the loan or paid it in full, make sure you have sufficient funds in your checking account on the due date of the loan so your check clears when the lender deposits it. Once a money judgment is obtained, a lender may attempt to garnish your wages.
Many lenders also list past due accounts with the credit bureau.
This may affect your ability to get credit in the future. If you pay the loan in full prior to its due date you are entitled to a partial refund of the finance charge. If you are married and your spouse does not sign the loan agreement, the lender is required to give your spouse a written notice that you obtained the loan. This includes the payday loan companies. DFI also licenses and regulates adjustment service companies, commonly referred to as debt counselors or consumer credit counselors.