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Old 12-31-2004, 12:37 PM
blu1dr money2004
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Default RE: Issue w/ Debt Reduction Plan

Great, no help to me though. Why can't Microsoft just offer us a better
solution than to just wait for someone to hopefully provide a DG written
answer to this problem. I am think of switching to Quicken.

"Dave Russell" wrote:

- quote -

> I am having the exact same problem with Money 2005, only with different
> figures. When the amount for the one time payment is $0, a message says that
> it has applied my $.55 payment to my debt. The plan then shows a one time
> payment of about $13,000 being applied to my debt on the next screen.
> "blu1dr money2004" wrote:
> > My Debt Reduction Plan (Money 2004 Dlx) is including some information that I
> > have never added, and is creating an unrealistic 1st month payment on debt.
> > As an example: I can put in up to $100K of debt and I want to set up a
> > payment plan for it. If I put $900 of monthly allocation for debt, and $0
> > for a One-time, Extra Payment, two odd things happen.
> > > 1. Just below the Making a One-time, Extra Payment, it states, "Money has

> > distributed your entire extra payment of $1185.00 to your debt payments. You
> > can enter another extra payment at any time, and pay off your debt even
> > faster." I don't know where it is pulling this $1185 figure from.
> > > 2. When I go to "View your Debt Plan" and view the payment schedule by

> > Month, the plan has me making a fist month payment of almost $41,000.00
> > dollars. I can not seem to find any information to fix this.
> > > I don't know why it is doing this, as I don't have enough funds to pay $41K

> > in one month. I have put only $1000/month toward the debt, with no extra
> > payment.
> > > Any help?
> > > Thanks, Wesley

 
Old 12-27-2004, 01:55 AM
Dave Russell
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Posts: n/a
Default RE: Issue w/ Debt Reduction Plan

I am having the exact same problem with Money 2005, only with different
figures. When the amount for the one time payment is $0, a message says that
it has applied my $.55 payment to my debt. The plan then shows a one time
payment of about $13,000 being applied to my debt on the next screen.

"blu1dr money2004" wrote:

- quote -

> My Debt Reduction Plan (Money 2004 Dlx) is including some information that I
> have never added, and is creating an unrealistic 1st month payment on debt.
> As an example: I can put in up to $100K of debt and I want to set up a
> payment plan for it. If I put $900 of monthly allocation for debt, and $0
> for a One-time, Extra Payment, two odd things happen.
> 1. Just below the Making a One-time, Extra Payment, it states, "Money has
> distributed your entire extra payment of $1185.00 to your debt payments. You
> can enter another extra payment at any time, and pay off your debt even
> faster." I don't know where it is pulling this $1185 figure from.
> 2. When I go to "View your Debt Plan" and view the payment schedule by
> Month, the plan has me making a fist month payment of almost $41,000.00
> dollars. I can not seem to find any information to fix this.
> I don't know why it is doing this, as I don't have enough funds to pay $41K
> in one month. I have put only $1000/month toward the debt, with no extra
> payment.
> Any help?
> Thanks, Wesley

  #-1  
Old 12-26-2004, 05:55 PM
blu1dr money2004
Guest
 
Posts: n/a
Default Issue w/ Debt Reduction Plan

My Debt Reduction Plan (Money 2004 Dlx) is including some information that I
have never added, and is creating an unrealistic 1st month payment on debt.
As an example: I can put in up to $100K of debt and I want to set up a
payment plan for it. If I put $900 of monthly allocation for debt, and $0
for a One-time, Extra Payment, two odd things happen.

1. Just below the Making a One-time, Extra Payment, it states, "Money has
distributed your entire extra payment of $1185.00 to your debt payments. You
can enter another extra payment at any time, and pay off your debt even
faster." I don't know where it is pulling this $1185 figure from.

2. When I go to "View your Debt Plan" and view the payment schedule by
Month, the plan has me making a fist month payment of almost $41,000.00
dollars. I can not seem to find any information to fix this.

I don't know why it is doing this, as I don't have enough funds to pay $41K
in one month. I have put only $1000/month toward the debt, with no extra
payment.

Any help?

Thanks, Wesley
 

Tags
debt, issue, plan, reduction, w or
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