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#2
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| I think you will have to dele3te and recreate the account as a home equity line of credit. Tod "Scott Loga" <anonymous[at]discussions.microsoft.com> wrote in message news:01f301c3cbf5$4a5e83c0$a301280a[at]phx.gbl... - quote - > Dick, > Thanks for the quick reply. I guess you touched on one of > my problems. The line of credit is a traditional loan, > used to purchase a house, and not a credit card, however, > under the account list it shows this line of credit like a > credit card along with all my other credit cards. when I > go to change the details of this account, Money will not > let me change it because it is an electronic enabled > account in which the account type is credit card. I guess > it should be labeled as a Liability. Do you know of a way > to change the account type of an electronic enabled > account? Thanks Scott > > -----Original Message----- > > If it's really a line of credit (some type of credit > card) account not a > > Loan account, I don't find this surprising. You really > don't lose or gain > > much of anything by tying an asset account to a liability > account. I'm not > > sure Money does much of anything with this besides note > the relationship. > > > "Scott Loga" <anonymous[at]discussions.microsoft.com> wrote > in message > > news:013e01c3cbed$bc2317d0$a401280a[at]phx.gbl... > > > I have a loan from a bank which shows up as a line of > > > credit when I download information from this bank. This > > > loan is for my house. I created an Asset which I > call "my > > > house" then I try to associate the line of credit with > my > > > house asset. Unfortunately, I cannot pick the loan/line > > > of credit from the Pull Down Window when I choose add a > > > loan under "change account details" - No Loans show up > in > > > the pull down window. Am I missing something or does > > > Money 04 not support this procedure. Thanks in Advance > > > Scott... > > > > . |
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#1
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| Dick, Thanks for the quick reply. I guess you touched on one of my problems. The line of credit is a traditional loan, used to purchase a house, and not a credit card, however, under the account list it shows this line of credit like a credit card along with all my other credit cards. when I go to change the details of this account, Money will not let me change it because it is an electronic enabled account in which the account type is credit card. I guess it should be labeled as a Liability. Do you know of a way to change the account type of an electronic enabled account? Thanks Scott - quote - > -----Original Message----- > If it's really a line of credit (some type of credit card) account not a > Loan account, I don't find this surprising. You really don't lose or gain > much of anything by tying an asset account to a liability account. I'm not > sure Money does much of anything with this besides note the relationship. > "Scott Loga" <anonymous[at]discussions.microsoft.com> wrote in message > news:013e01c3cbed$bc2317d0$a401280a[at]phx.gbl... > > I have a loan from a bank which shows up as a line of > > credit when I download information from this bank. This > > loan is for my house. I created an Asset which I call "my > > house" then I try to associate the line of credit with my > > house asset. Unfortunately, I cannot pick the loan/line > > of credit from the Pull Down Window when I choose add a > > loan under "change account details" - No Loans show up in > > the pull down window. Am I missing something or does > > Money 04 not support this procedure. Thanks in Advance > > Scott... > . |
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| If it's really a line of credit (some type of credit card) account not a Loan account, I don't find this surprising. You really don't lose or gain much of anything by tying an asset account to a liability account. I'm not sure Money does much of anything with this besides note the relationship. "Scott Loga" <anonymous[at]discussions.microsoft.com> wrote in message news:013e01c3cbed$bc2317d0$a401280a[at]phx.gbl... - quote - > I have a loan from a bank which shows up as a line of > credit when I download information from this bank. This > loan is for my house. I created an Asset which I call "my > house" then I try to associate the line of credit with my > house asset. Unfortunately, I cannot pick the loan/line > of credit from the Pull Down Window when I choose add a > loan under "change account details" - No Loans show up in > the pull down window. Am I missing something or does > Money 04 not support this procedure. Thanks in Advance > Scott... |
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#-1
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| I have a loan from a bank which shows up as a line of credit when I download information from this bank. This loan is for my house. I created an Asset which I call "my house" then I try to associate the line of credit with my house asset. Unfortunately, I cannot pick the loan/line of credit from the Pull Down Window when I choose add a loan under "change account details" - No Loans show up in the pull down window. Am I missing something or does Money 04 not support this procedure. Thanks in Advance Scott... |
| Tags |
| asset, associate, loan |
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