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#2
10-01-2007, 12:53 PM
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 Re: Pay Balance Each Period still calculates interest-why? I know DRP does this. I don't mess with Essential *. Try changing to Advanced Bills and no DRP and see what happens. "Geekster" <noemail[at]xyahoox.com> wrote in message news:nb1Mi.106520$GO6.51485[at]newsfe21.lga... - quote - > Sorry about that... > Versions 2006/2008 (x by x install). Using Essential. In the Account > Details when setting up an account you check "Pay Balance Each Period," > but it still generates interest for the payment and one way you can see it > is Scheduled Bills. This also happens whether or not I use Debt > Reduction Plan managing the bill. |
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#1
10-01-2007, 07:18 AM
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| Re: Pay Balance Each Period still calculates interest-why? Sorry about that... Versions 2006/2008 (x by x install). Using Essential. In the Account Details when setting up an account you check "Pay Balance Each Period," but it still generates interest for the payment and one way you can see it is Scheduled Bills. This also happens whether or not I use Debt Reduction Plan managing the bill. Thanks "Dick Watson" <littlegreengecko[at]mind-enufalready-spring.com> wrote in message news:egAoIucAIHA.5312[at]TK2MSFTNGP02.phx.gbl... - quote - > How about providing us some more context so we can maybe help better. What > version/edition are you using? Are you using Essential or Advanced > Register/Bills? Are you talking about the "Pay Balance Each Period" > setting in Account Details? (I'm not sure this is used much of anywhere so > I'm not sure why they have the checkbox.) Where are you seeing the > estimated balance that includes interest? Do you have a Debt Reduction > Plan managing the bill? > "Geekster" <noemail[at]xyahoox.com> wrote in message > news:m76Li.75$pX5.60[at]newsfe14.lga... > > Why does Money continue to estimate a Pay Balance Each Period that > > includes Interest? I would not be charged Interest if I paid the balance > > each period. I can get around this by setting a 0% Introductory Rate > > but I should not have to tweak the software like this. > > > Am I missing something? |
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09-28-2007, 12:32 PM
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| Re: Pay Balance Each Period still calculates interest-why? How about providing us some more context so we can maybe help better. What version/edition are you using? Are you using Essential or Advanced Register/Bills? Are you talking about the "Pay Balance Each Period" setting in Account Details? (I'm not sure this is used much of anywhere so I'm not sure why they have the checkbox.) Where are you seeing the estimated balance that includes interest? Do you have a Debt Reduction Plan managing the bill? "Geekster" <noemail[at]xyahoox.com> wrote in message news:m76Li.75$pX5.60[at]newsfe14.lga... - quote - > Why does Money continue to estimate a Pay Balance Each Period that > includes Interest? I would not be charged Interest if I paid the balance > each period. I can get around this by setting a 0% Introductory Rate but > I should not have to tweak the software like this. > Am I missing something? |
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#-1
09-28-2007, 12:06 PM
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| Pay Balance Each Period still calculates interest-why? Why does Money continue to estimate a Pay Balance Each Period that includes Interest? I would not be charged Interest if I paid the balance each period. I can get around this by setting a 0% Introductory Rate but I should not have to tweak the software like this. Am I missing something? |
| Tags |
| balance, calculates, interestwhy, pay, period |
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