Debt Reduction Need Help Paying Debt

Posted by admin on October 18th, 2007 at 04:17pm

Q. There is definately something wrong with the debt

reduction planner. I’ve got my credit card info in there

and it’s telling me that I’ll be out of debt by 1-06-2004

paying $100 dollars a month with $2000.00 worth of

debt????? I’m no math wizard or anything but isn’t

there something wrong with this picture Is there

something special that I need to do to set this up

correctly or what? What am I missing here?

Thanks in advance for any help

A. First, go to Tools, Options, Planner and reset the Debt Plan. Then try to

add the credit card in again paying close attention to the dialogue boxes

that Money presents you with when adding it back. It may ask you if the

bill’s already been paid this month, etc. Then look at the payoff schedule

by month instead of the line graph (there is a drop down at the upper left)

to see if the proper amount is now allocated in the first month.

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