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Adding accounts to Debt Reduction tool

In the Identify Your Debts section of the Debt Reduction tool how can I add missing accounts beyond what Quicken auto-identifies? Seems to be a seriously frustrating flaw.

Best Answer

  • Boatnmaniac
    Boatnmaniac SuperUser ✭✭✭✭
    edited December 2020 Accepted Answer
    A debt must first be set up as a debt account (credit card, auto loan, mortgage, etc.) in Quicken in order to be included in a Debt Reduction Plan.
    In the set up of the Debt Reduction Plan, there should be two sets of debts listed:
    1. Debts on the left side:  These are mostly high interest debts, like credit cards, and are the ones Quicken suggests for starting your debt reduction plan.  As any professional financial advisor will tell us, take care of the high interest debt first and then develop another plan for low interest debt after the high interest debt is eliminated.
    2. Debts on the right side:  These are lower interest debts, like mortgages, which Quicken identifies but does not default into the Plan.  If you wish to add these low interest debts into the Debt Reduction Plan just hover your cursor over the debt account and to the left of the debt account will be a blue font "Include" that pops up.  Click on "Include" to add it to the Debt Reduction Plan.

    Conversely, if you have a debt account included in the list on the left that you want excluded from the Debt Reduction Plan, hover the cursor over that account and click on "Remove" to the right of it and that account will be removed from the plan.
    Does this answer your question?
    (QW Premier Subscription: R32.12 on Windows 10)

Answers

  • Boatnmaniac
    Boatnmaniac SuperUser ✭✭✭✭
    edited December 2020 Accepted Answer
    A debt must first be set up as a debt account (credit card, auto loan, mortgage, etc.) in Quicken in order to be included in a Debt Reduction Plan.
    In the set up of the Debt Reduction Plan, there should be two sets of debts listed:
    1. Debts on the left side:  These are mostly high interest debts, like credit cards, and are the ones Quicken suggests for starting your debt reduction plan.  As any professional financial advisor will tell us, take care of the high interest debt first and then develop another plan for low interest debt after the high interest debt is eliminated.
    2. Debts on the right side:  These are lower interest debts, like mortgages, which Quicken identifies but does not default into the Plan.  If you wish to add these low interest debts into the Debt Reduction Plan just hover your cursor over the debt account and to the left of the debt account will be a blue font "Include" that pops up.  Click on "Include" to add it to the Debt Reduction Plan.

    Conversely, if you have a debt account included in the list on the left that you want excluded from the Debt Reduction Plan, hover the cursor over that account and click on "Remove" to the right of it and that account will be removed from the plan.
    Does this answer your question?
    (QW Premier Subscription: R32.12 on Windows 10)
  • Boatnmaniac
    Boatnmaniac SuperUser ✭✭✭✭
    If you already have a Debt Reduction Plan established and want to change (add or delete) which debt accounts are included in it, click on Plan Actions and then click on Edit your plan which will bring you back to the Identify Debts screen.

    (QW Premier Subscription: R32.12 on Windows 10)
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