<prompt> Human: Due to my poor credit, I opted for a Santander loan. I can afford my monthly payments of 521, however, a very small portion of that is actually going towards paying off the debt. Last month 280 of the 521 went to interest. My rate is 19.43 which is putting my daily rate at about 11.53. What is this rate even compounding against? 11.53 is not 19 of 521 - so at this point Im not even sure what my loan payment is before any interest is applied.The only thing I know to do, which isnt really feasible is to make an extra payment each month the day after my first payment is made so that all of the second payment goes towards them auto loan. Current Payoff: 21,680Current interest rate: 19.43 locked inDaily rate: 11.53Interest accrues daily. The interest accrual begins the day after a payment posts to the account and continues until the day the next payment is posted. With each payment the accrued interest is paid first then the remainder of the payment amount is applied to the principal balance.Edit: Unfortunately, I have to find a way to get out from under the loan. It is a newer vehicle in excellent condition but after fees registration, etc I have about two grand more than the value of the vehicle financed. Fortunately, I can afford the payments without any problems. But the idea of paying twice what the vehicle is worth is quite disheartening.  <response>: My rate is 19.43 which is putting my daily rate at about 11.53. What is this rate even compounding against? 11.53 is not 19 of 521 - so at this point Im not even sure what my loan payment is before any interest is applied.19.43 of 21,680 is 4,212.424,212.42 divided by 365 days in a year is 11.54 