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How do I change a credit card to a loan?

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This discussion was created from comments split from: USAA Auto Loan showing as Line of credit.

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Mark Rasmussen

I am having the same issue. when I reconnected my accounts, quicken changed the type of account from a "loan" to a "credit card." This means it moved from Property and Debt to Banking/Credit Card. It updated just fine, except that it keeps trying to give me a balance adjustment again. But it's a loan, not a revolving line of credit. How can this be fixed?

Quicken_Tyka

Hello @Mark Rasmussen

Thank you for taking the time to visit the Community to report this issue, although I apologize that you have not received a response.

I would recommend deactivating the loan account, for help with deactivating, see the steps and information available here.

I would then choose the (+) to act as if you are going to add a new account. Search for the financial institution and sign in.

When you are presented with this screen, are you able to change the type to a loan?

Image: https://us.v-cdn.net/6031128/uploads/editor/1a/dfh9cdue9h1n.jpg

If so, change the Type to "Loan" and set the action to "LINK" to link the existing loan account.

Please let me know how it goes!

-Quicken Tyka