What Actually Happened
I bought a truck with a 15.24% interest rate and now have a huge payment. I'm confused by how much interest has accrued and why my loan balance is still so high.
What I wish I knew
"I wish I understood how quickly interest accrues on a large, high-interest loan."
Advice to Someone Facing This Now
If I could tell you one thing
"Don't let excitement over a nice vehicle lead you to sign for a loan you can't afford."
Regret Score
8/10
High, persistent regret.
Has not decreased significantly with time.
Has not decreased significantly with time.
Finance Category Average
?%
of Finance decisions share a similar regret distribution. (Coming soon)
Impact
-
Financial and Psychosocial impact distributions for this subset.
Advice for Someone Facing This
Short, upvotable wisdom. The most helpful rises to the top.
No advice yet. Be the first to share wisdom.
React, question, or discuss this decision.