Enter a debt with a no-interest, no-payment
If you buy
something on credit with no payments or interest due for a period
of time, enter the debt(Money owed to
another person or company, such as loans, credit card balances, or
mortgages. ) in the Debt Reduction Planner. Follow these
instructions to take advantage of the no-interest period and wait
until just before interest starts accruing to pay off the entire
Click Planning, and then in the left pane,
click Debt Reduction Planner.
If you see the Continue button, click it to
display your debt reduction plan or to create a plan if you haven't
set one up.
Click New Account, and then follow the
instructions on the screen.
If you are entering a credit card, in the Is this
account a credit card or a charge card dialog box, choose
Credit card, and don't select the Always
pay entire balance each month check box.
In the What is the interest rate for this
account dialog box, enter 0. Select the
An introductory rate is in effect check box, enter
the date the no-interest period ends, and then enter the interest
rate that will go into effect on that date.
Complete the rest of the fields, and then click
Under Debt Accounts Not in Debt Plan, click
the account you just created, and then click Move
Under Accounts in Debt Plan, click the account
again, and then click Edit Debt Info.
Select the Pay balance each period check box,
click OK, and then click
In the Making a One-time, Extra Payment box,
enter any amount you've set aside for this bill or add that amount
to any amount you've already entered as a one-time extra payment on
your other debts.
Click Next twice, and then click
If you can't pay the debt in full when the no-interest period
ends, click the account name, and then click Edit Debt
Info. Clear the Pay balance each period
check box, and change the other account information. The Debt
Reduction Planner will now treat this debt like any other, with
regular payments due until paid off.