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| "wolf4jc" <wolf4jc[at]discussions.microsoft.com> wrote in message news:3E408150-A460-45AE-A7B3-F91946FB696D[at]microsoft.com... - quote - > Chris, thanks for your response! It is suggesting to apply the get
On the details page of the credit card accounts, have you check 'pay> out of > debt plan, not necessarily paying it off, but the problem is it puts > everything in one bag: credit cards and a car loan and that obscures > the > picture. balance monthly' or whatever that check box is titled? It's at the bottom of the details page near the APR. I think it may affect Money's recommendations about high-interest credit. -- Chris Cowles Gainesville, FL |
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#1
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| Chris, thanks for your response! It is suggesting to apply the get out of debt plan, not necessarily paying it off, but the problem is it puts everything in one bag: credit cards and a car loan and that obscures the picture. Greetings, Maciej. "Chris Cowles" wrote: - quote - > "wolf4jc" <wolf4jc[at]discussions.microsoft.com> wrote in message > news:413477E0-D9C5-4470-83CE-8061D14B2B7A[at]microsoft.com... > > Hi everyone, > > > I have something I can't figure out. In my monthly report Money > > shows that > > my car loan is included in my overall high-interest consumer debt. > > Technically, I don't have any high-interest debt at all as I pay my > > credit > > card balances every month, but I can live with the fact that Money > > treat it > > as a debt. However, I want to treat my car loan separately (not as a > > high-interest debt). Any suggestions, please? > If you're describing what I think you are, you can't control that. You > just have to ignore it. Money compares the interest rate on your debt > to the interest rate on your savings. If savings is earning less, it > recommends paying off the debt first. It does not consider that doing > so might leave you with no cash at all. Paying off the loan would be > imprudent in that case. > -- > Chris Cowles > Gainesville, FL |
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| "wolf4jc" <wolf4jc[at]discussions.microsoft.com> wrote in message news:413477E0-D9C5-4470-83CE-8061D14B2B7A[at]microsoft.com... - quote - > Hi everyone,
If you're describing what I think you are, you can't control that. You> I have something I can't figure out. In my monthly report Money > shows that > my car loan is included in my overall high-interest consumer debt. > Technically, I don't have any high-interest debt at all as I pay my > credit > card balances every month, but I can live with the fact that Money > treat it > as a debt. However, I want to treat my car loan separately (not as a > high-interest debt). Any suggestions, please? just have to ignore it. Money compares the interest rate on your debt to the interest rate on your savings. If savings is earning less, it recommends paying off the debt first. It does not consider that doing so might leave you with no cash at all. Paying off the loan would be imprudent in that case. -- Chris Cowles Gainesville, FL |
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| Hi everyone, I have something I can't figure out. In my monthly report Money shows that my car loan is included in my overall high-interest consumer debt. Technically, I don't have any high-interest debt at all as I pay my credit card balances every month, but I can live with the fact that Money treat it as a debt. However, I want to treat my car loan separately (not as a high-interest debt). Any suggestions, please? Thank you, Maciej. |
| Tags |
| car, consumer, debt, highinterest, includes, loan, money, report |
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