Why won't Quickpay work with an amortizing loan?
I have an amortizing loan that I pay with Quickpay. Quickpay wants to allocate the full amount of the payment to loan principal, rather than part to the principal and part to interest, with those allocations changing every month. I have paid this same loan for many years using the Bill Manager, and it always made the correct allocations. How can I get a Quickpay payment to do this?
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Best Answer
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We presently may not link the online bill to the loan's payment reminder. I suggest you enter the payment transaction using the loan's payment reminder or memorized transaction: open the loan, press Ctrl + Shift + N, and select Enter Loan Payment5
Answers
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We presently may not link the online bill to the loan's payment reminder. I suggest you enter the payment transaction using the loan's payment reminder or memorized transaction: open the loan, press Ctrl + Shift + N, and select Enter Loan Payment5
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