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Old 04-18-2004, 02:16 PM
Cal Learner-- MVP
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Default Re: Money 2004: Frustration with loans...

In microsoft.public.money, AC wrote:

- quote -

> Money 2004 is driving me crazy the way it's working with my loans. When I go into the details of a car loan and try to change the loan terms (because they are completely wrong), clicking the Change Loan Terms does NOTHING. However, on another car loan, it works just fine.
> Also, when I make a loan payment, Money tries to calculate the principal and interest portion of the payment when it's almost always WAY wrong. Granted, my car loan statements don't show the exact breakdown, but I know for sure a $300 payment shouldn't have a negative $1100 impact (as in increase in what the balance is on the car) on the overall life of the loan.
> Is there some secret to the way the loans work in Money?


It is usually best, when entering a loan where you have all of the
payment info, to enter all of the data EXCEPT the interest rate. Let
Money calculate the rate.

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Old 04-18-2004, 12:09 PM
AC
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Default Money 2004: Frustration with loans...

Money 2004 is driving me crazy the way it's working with my loans. When I go into the details of a car loan and try to change the loan terms (because they are completely wrong), clicking the Change Loan Terms does NOTHING. However, on another car loan, it works just fine.

Also, when I make a loan payment, Money tries to calculate the principal and interest portion of the payment when it's almost always WAY wrong. Granted, my car loan statements don't show the exact breakdown, but I know for sure a $300 payment shouldn't have a negative $1100 impact (as in increase in what the balance is on the car) on the overall life of the loan.

Is there some secret to the way the loans work in Money?

-AC
 

Tags
2004, frustration, loans, money
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