 TITLE: How Do Credit-Builder Loans Work? CONTENT: What Happens After I Pay Off the Loan?\n--------------------------------------\nOnce you make all of the required payments on your credit-builder loan, the lender will release the funds to you. In some cases, the lender will issue you the money along with some of the interest that you paid, minus the cost of fees. However, not all lenders have this policy, so it's a good idea to find out the interest rate, fees and policies on returning interest paid when you are shopping credit-builder lenders.\nUsually, the money is wired directly to your checking or savings account as a lump sum. The money is then yours to use as you wish; you can boost your emergency fund, pay down debt or save it for a major purchase. END