Does your payoff amount for your car go up everday?

68whisk

New member
Hey everyone so I've been paying for this car for 3 years now and I finally got it down to $8970... I checked and it showed that 2 weeks ago. Then today I checked it and it was $9001. I don't understand why it went up. I pay my bills on time, I owe $322.38 a month and that's exactly how much I pay, sometimes more, and they take the interest charge so it only takes down about $230 off the payoff. My question is why did the payoff amount go up? I just noticed that it goes up $2 everyday because yesterday it was $8999 and today it was $9001. I bought this car from Ford and I pay my bill online at fordcredit.com. Does anyone know what they're charging me for? What exactly is going on?
 
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