Lightstream loans & account setup

smp44d

Hi, we have a loan through lightstream https://www.lightstream.com/ I was wondering if there was a way to add the bank to it. It is already a subset of SunTrust banks, but there is no guidance on how to get this set up. Thank you!

Tom Young

Here's what fidir.txt has:

55128    55128    55128    First Again - Loan    https://www.lightstream.com/    NA    https://www.lightstream.com/customer-sign-in    ACTIVE                   BANKING,CREDIT,ACCOUNTINFO&EXP-WEB-CONNECT    NOT_QBP    NA

so you might be able to connect to Quicken using the "First Again" name?  There's nothing on their website that I could find that mentions connections to Quicken.  Why not call them and ask?

UKR

For whatever it's worth ... I would not bother attempting to activate any loan or mortgage account for downloading.  (Not discussing LOC or HELOC accounts here)

An online-connected loan or mortgage account does NOT have a transaction register. All data shown in the account come from whatever information the bank downloads to you ... if this process works at all.

As a result of being connected, the scheduled payment transaction reminder cannot transfer the amount of principal paid into the (non existent) account register and must use a category, usually something like Loan:Principal, instead. The category seems to vary with the Loan Type you selected when creating the loan account in Quicken.

Effective with Quicken Windows 2018+
you can deactivate an online-connected loan account and regain full control over your transaction register.  However, you should still review the Scheduled Reminder (or Memorized Payee List entry) associated with the monthly loan payments to ensure they now transfer Principal to the loan account register and not to a Category.