I am having the same problem. Has anyone found a fix? I have tried creating
the debt in a variety of ways, but I still am having problems getting this to
work properly.

Thanks for any help.


"A guy from OZ" wrote:

> I am using the Microsoft Money 2005 Deluxe (Australian) and I am
> expericincing the below problem. I have tried many fixed including the one
> suggested by Nikki, but I still experience the same problem.
>
> I notice that the problem only exists with one particular credit card, and
> as luck would have it its the exact credit card that I want to focus on. I
> put in that I want to pay $50 per month for example, but it comes up with a
> one time figure of $1100 and tells me that the debt will be paid off in 1
> month. It doesn't matter how many times I adjust it, I get the same figure.
>
> I have also tried deleting and re-creating the account, but I get the same
> problem and have also tried skipping over the current month and making the
> first payment due next month (February), but same thing.
>
> It's so frustrating. I bought Quicken about a 2 months ago to avoid all of
> this, but I find Microsoft Money better. If only it would work.
>
> Any other suggestions????
>
> Jamie
>
>
> "Stephen" wrote:
>
> > This problem has been frustrating me for some time now and I tried your
> > solution and it did not work. When I try to set up a debt reduction plan
> > (Money 2004 standard OEM edition) for a credit card with a balance of say
> > $3000 and a payment of $100 due over a month in advance it still ALWAYS gives
> > a payment of the entire $3000+interest in the first month and tells me I will
> > be paid off in a month. I have tried fixing this a few different ways and
> > nothing seems to work. Any help would be greatly appreciated.
> >
> > "Nikki" wrote:
> >
> > > Hi,
> > > I have had the same problem and had it with Money 2004 too. I got 2006
> > > hoping the problem would be resolved but found it still there. So I went to
> > > the on-line chat support for help---although the final resolution was
> > > discovered by me, I do not think they would have figured it out. It turns
> > > out the debt planner is not to smart. When you set it up make sure that all
> > > accounts do not have a next payment due date until the next month. For
> > > example -- three accounts- today is July 23rd - when setting up the debt
> > > planner all payments must be due Aug 1st at the earliest. Even if one of the
> > > accounts still has one due July 31st. If say my Macy's account has a payment
> > > due July 31st and the other two accounts are not due till Aug sometime then
> > > the debt planner will come up with this crazy one time payment due July 31st
> > > for the Macy's account and then resume the plan for August. What a bugger
> > > since this has frustrated me for over a year now. Good luck!!
> > >
> > > Nikki
> > >
> > > "Capskinwiz" wrote:
> > >
> > > > When I work out a plan for debt reduction, it keeps adding $350 to the first
> > > > month of the plan. So for example if I want to pay $263 per month it comes
> > > > up with $613. On my old Money 2003 I had worked out a plan paying $350 per
> > > > month, but I deleted the account so I don't understand why it seems to have
> > > > that number locked in. Any thoughts?