One of my readers, OregonSun sent me an email about a recent loan asking, “We have a loan that is on simple interest.  Even though we are making double the payments, the balance (interest we are paying) doesn't seem to be reducing the way I thought it would.  Am I doing something wrong?” I asked for a few more details, and said I would take a look. OregonSun says she is her most recent payment was $90.20 and the interest… Read the rest