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Yes, I know payday loans and other high interest rate loans are awful. I unfortunately was stuck between a rock and a hard place (lost work hours, middle of a divorce, my house burnt down in August) so I needed the funds. My question is: are there any rules with how payments are divided (what goes to interest VS what goes to principal)? I knew the interest rate was awful, but I found out recently that only pennies (yes, PENNIES) are being applied to the principal while the other $99 is all going to interest (biweekly) I knew it was going to be bad, but with $99 and some change being taken out bi-weekly, only putting pennies towards the principal and the rest towards interest seems like it should be borderline unlawful. Does anyone know if there are rules/laws prohibiting actions like this?