So the title may be a little confusing, but trust me it’s a shit situation. So 3 years ago I had a shower remodel done and the total was $12,070 with 9.9% interest. 15 year term. I have been paying $130 per month for 36 months so far and it says I’ve only paid 1,200 off. In total I’ve paid $4,680 to date. Called the finance company and they informed me that I am paying $2.30 per day for (per diem) I have never heard of this before and I don’t know if I’ve gotten suckered into a scheme or what. I did the math and 70% of my monthly bill is going straight to the finance company. At this rate if I keep paying what I have been it will take 29 years to pay off this loan.