I have a simple interest auto loan, need help?

I have a simple interest auto loan, need help?

I just found out I have a simple interest auto loan instead of a compounding interest. The difference is that, no matter how low my balance becomes, I will have to pay $9.52 in interest DAILY until my loan is paid off. This is much different than compound interest where as my balance goes down so does my interest accrued. I feel so bamboozled that I didnt realize this when we signed the loan documents. My auto loan is through santander consumer, I owe $16900 on my 2008 jeep patriot and I have been paying on it for 1 year now and my payments are $440 a month. What are my options? I know I cant refinance because I am very upside down. :( But do I have any other options? I am thinking the only thing I can do is make double payments until my vehicle no longer has negative equity. And then maybe I can trade it in, etc. Please advise.

 

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I'll be 21 in September and I'm getting a car really soon. I just have no clue how much the premium is going to cost me. I'm getting an older car. 100,000+ miles. So ...show more

 

 

Do I have to buy health insurance in New Mexico?

I recently moved to New Mexico and started a new job. Now I am being told that I have to buy health insurance from my employer, or prove that I am covered under another policy. I am only 21, but I am a smoker and I know this will be expensive. I do not go to the doctor, and have not since I was 10. Do I have to buy coverage I won't use? Is there a way around this?

 

 

Cheapest cars to insure for a teen?

I am saving up for my first car and was wondering what would be some cheap options for insurance. I already know that toyota camry's and ford tauruses are pretty cheap to insure, but I want to know some more cheap-to insure cars were. preferably between 1996 and 2002.

 

 

Rough estimate of my insurance?

im a 17 year old hispanic male I live in Mesa AZ and I have finished a drivers ed class in my school and passed with a B, I just got my license yesterday and my car is a 1983 Ford ranger two door, manual transmission how much would my insurance be (a estimate) if you need more details please ask and i will provide it.

 

 

How long do you have to file a claim with car insurance?

I hit a lady on january 25. I made a little crack on the inside of her car. She sais to just give her money to fix it and she won't claim it. How long does she have to claim this with her insurance?

 

 

How much for scooter/moped insurance?

I want a 50cc scooter and I have no idea how much i would pay yearly. This is in Montreal by the way. How much on average for insurance, and other costs (License plate)?

 

 

Will I have to pay the excess on my car insurance.?

My car was attempted stolen last night..the thieve(s) broke in looted my car then let the handbrake off, my car rolled down the road & hit a lamp post..the police are treating this as attempted theft... my car has been sent to police forensics will I have to pay the excess on my insurance policy?..thank you.

 

 

What is the cheapest car insurance in Florida?

I wand to know what is the cheapest car insurance in tampa FL this is my first car insurance and i am 23 what is the avrage for people in my same age pay for thier insuranse and i have a clean record the car will be Acura 2.2 CL 1997 2doors

 

 

Best health insurance?

Best health insurance?

 

 

Health Insurance for the self-employed?

After 13 years with my husband, he is leaving me. I have always been on his health plan because I am self-employed. Can anyone offer me any advice on where to find providers? I have no idea where to start.

 

 

Car Insurance Question?

I was in a car wreak where it was the other persons fault....already determined by the police. I live in Tennessee by the way and I didnt have insurance at the time..even though I went out and got it an hour later. My question is who is responsible for paying for the damages to the person who hit me? Their insurance is already fixing my car, but the lady who hit me was driving her dads car and she only had liability but not on the car she was driving. Does she call my insurance company to have her dads car fixed even though it was her fault? Whos insurance pays for it? Or is she just outta luck?

 

 

Why did my mothers health insurance affect MY credit?

So I was extremely sick back in June of this year. The medical bills were added up to be over 500$. I am 20 years old, in college, and I do NOT have my own health insurance. I have always been on my mothers. This debt went unpaid and as I checked my credit score today, in showed that I owed the hospital and it went into collections. I have spent the past year building my score. my credit score went down 142 points because of this!!!! How does this affect my credit???? I just dont understand. I neverr signed any papers saying that i was responsible for payments. EVER.

 

 

What dental insurance is affordable for individuals in Western New York?

I'm 24 and my job does not offer dental insurance. I m in a wedding in two months and need a cap put on a front tooth so I'm looking for insurance now. I'm having trouble finding a good insurance company for individuals that fits my needs and doesn't have a waiting period. Anyone have any suggestions as which way to go and what is ideal for a single woman my age? Thanks so much!

 

 

Do the affordable care act effect all health insurance?

Or is it just limited to obamacare?

 

 

Am I covered under my parents car insurance?

I got my License yesterday and I want to drive my parents car, am I covered by their car insurance? I am 16 Years old.....

 

I have a simple interest auto loan, need help?

I just found out I have a simple interest auto loan instead of a compounding interest. The difference is that, no matter how low my balance becomes, I will have to pay $9.52 in interest DAILY until my loan is paid off. This is much different than compound interest where as my balance goes down so does my interest accrued. I feel so bamboozled that I didnt realize this when we signed the loan documents. My auto loan is through santander consumer, I owe $16900 on my 2008 jeep patriot and I have been paying on it for 1 year now and my payments are $440 a month. What are my options? I know I cant refinance because I am very upside down. :( But do I have any other options? I am thinking the only thing I can do is make double payments until my vehicle no longer has negative equity. And then maybe I can trade it in, etc. Please advise.

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