hit a car and only had $25000.00 liability coverage(stupid i know)…car totaled was worth $54000.00 i now owe over $25000.00 to the insurance company. will be calling tomorrow to see what comes next. i dont have that kind of money and was wondering if anyone has advice on what to do or not to do. im in my 40’s have great credit, $1800.00 in credit card debt, no mortgage, and have never had any issues like this before. and Im kind of freaking o…

I took out a $25000 simple interest loan in late July. So far have paid $2730 back, but $938 of that has gone to interest. Can someone help me make sense of this? It’s my first large/simple interest loan, it seems like a lot of money to have gone straight to interest payments over the course of only a couple of months. It’s through Wells Fargo. I know I just don’t really understand simple interest, but it just seems like a lot at 15.24% interest. Can someone please break it down for me so I can understand…