New sub and reader but you all helped me out in a big way but I am kicking myself for not doing something earlier. I had a student loan with Wells Fargo and it was on auto pay. Because of your advice here, I read my last statement and almost fainted. I took out a loan way back for 10,600 and paid over 10 years at 9.9% The payments were on auto pay so I never really checked my statement maybe on a few times a year. After reading a post here I decided to review all my dept and realised that I got soaked big time.
Total intrest paid : 13,0088 Total Principal Paid 10,626.93 Late Fees 258.00 Total paid on loan 23,973.70
I still had a balance of 1,515.00 but sent them a check for the full amout. I wish I would have done this ealier or even had it refinaced. Uggg! But thanks everyone! Glad this nightmare is over! Now to work down my other loans like the house and car!
If any of you can tell me why the total principal paid is higher then the original loan amount I would appreciate it.
Edit: Spelling
Submitted May 04, 2017 at 09:03AM by Pyrometer2232 http://ift.tt/2p9sUOP
