How do I unmark a loan marked as 'Paid Off'?

Due to recent download issues seemingly related to the latest update, a loan account I have had data erroneously downloaded/processed that showed a balance of $0.00 with a date of 9/17/2034. I was finally able to unwind the download debacle, but this loan now shows a 'This loan is paid off' message when I open its register. It will not show any of the transactions associated with it, although it now actually shows the correctly owed balance and date. How do I get Quicken to realize this loan is NOT paid off and to restore the transaction history register?
Quicken 2020; Version R29.20; Build 27.1.29.20
Quicken 2020; Version R29.20; Build 27.1.29.20
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Best Answer
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Frankx SuperUser ✭✭✭✭✭
Hi again Dechief5,
Okay, thanks for that information. You may have heard this before, but if not, most of the folks who answer questions here recommend that users not "connect" their loan accounts for online downloads. The primary reason is that it does not have an account register, so if there are issues/errors it is impossible to fix them. While not originally of that view, I joined that camp a while ago because loan accounts are one of the most uncomplicated types of accounts and the risk wasn't worth the potential advantages.
All that being said - take a look at this thread LINK. It gives step-by-step instructions on how to move from the "connected loan" to a manual one. I would recommend that you convert your loan to manual. If you decide to do that, make sure you have a good backup before you start.
Let me know how you make out.
Frankx
Quicken H&B-Subscription - Ver. R29.20 - Build 27.1.29.20 - Windows 10 Home - Ver. 2004
- - - - Quicken User since 1984 - - -
- If you find this reply helpful, please click "Helpful" (below), so others will know! Thank you. -5
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Answers
When you originally setup the loan did you use the "online loan" option (which does not have a register), or was it setup as a manual loan with a register?
Frankx
Quicken H&B-Subscription - Ver. R29.20 - Build 27.1.29.20 - Windows 10 Home - Ver. 2004- - - - Quicken User since 1984 - - -
- If you find this reply helpful, please click "Helpful" (below), so others will know! Thank you. -
Okay, thanks for that information. You may have heard this before, but if not, most of the folks who answer questions here recommend that users not "connect" their loan accounts for online downloads. The primary reason is that it does not have an account register, so if there are issues/errors it is impossible to fix them. While not originally of that view, I joined that camp a while ago because loan accounts are one of the most uncomplicated types of accounts and the risk wasn't worth the potential advantages.
All that being said - take a look at this thread LINK. It gives step-by-step instructions on how to move from the "connected loan" to a manual one. I would recommend that you convert your loan to manual. If you decide to do that, make sure you have a good backup before you start.
Let me know how you make out.
Frankx
Quicken H&B-Subscription - Ver. R29.20 - Build 27.1.29.20 - Windows 10 Home - Ver. 2004- - - - Quicken User since 1984 - - -
- If you find this reply helpful, please click "Helpful" (below), so others will know! Thank you. -
reference to "first image" - should be "third image"
reference to "second image" - should be "first image"
reference to "third image" - should be "second image"
Let me know if anything else doesn't seem to match up with the screens you are seeing.
Frankx
Quicken H&B-Subscription - Ver. R29.20 - Build 27.1.29.20 - Windows 10 Home - Ver. 2004- - - - Quicken User since 1984 - - -
- If you find this reply helpful, please click "Helpful" (below), so others will know! Thank you. -
Happy to help! Yes, I knew this wasn't the easiest task, but I also knew you were up to the challenge!
On the chance it could happen again - I know you'll keep good/frequent backups.
Take care,
Frankx
Quicken H&B-Subscription - Ver. R29.20 - Build 27.1.29.20 - Windows 10 Home - Ver. 2004- - - - Quicken User since 1984 - - -
- If you find this reply helpful, please click "Helpful" (below), so others will know! Thank you. -