My finance charge increased from $93 in May to $284 in June on my car loan – why? My monthly payment is $451, but i have been paying $700 each month to help down pay the loan quicker. i looked at my june and may statements and noticed that a bigger portion of my $700 is going towards interest- in may it was $93, but then in June, $284 of my $700 payment went to a finance charge. i just opened the loan in March. why would this…

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