Troubleshoot the Debt Reduction Planner
If you have
Apays (Automatic
payment. A type of electronic payment for which you set up the
payment amount and payment frequency only once, and the payment is
sent as scheduled until you cancel it. Monthly mortgage or rent
payments are good candidates for Apay because they are generally
the same amount every month.) set up in the Bills area for
an account that you want to include in your debt plan, you may need
to take action to avoid scheduling the payments twice.
Do one of the following to avoid
duplicate scheduled payments:
-or-
- Click Planning, click Planning
Tools, and then click Debt Reduction
Planner.
- If you see the Continue button, click it to
display your debt reduction plan or to create a new plan.
- At the bottom of the page, click Next until
you see the Take action and reduce your debt
page.
- Clear the check box for the debt payment, and then click
Yes in the warning message that appears.
Note
When you enter a debt in your debt reduction plan, Money assumes
that interest starts accruing immediately, so the minimum payment
reflects the interest that will accrue until the payment date. If
you have not entered an interest payment because you don't owe any
interest during the first month of using the debt reduction plan,
the plan will automatically adjust your total balance on that
debt.
