How do I get my Household Bank / Best Buy credit card information added to my debt reduction planner?
How do I get my Household Bank / Best Buy credit card information added to
my debt reduction planner? If I made a major purchase on their zero interest
financing for 18 months plan, and they only want a very low minimum payment
each month until then, then I need to somehow indicate that the remainding
balance no matter how high it is, absolutely must be paid by the 18th month.
Otherwise, they will go and add on a lot of interest for all of the previous
18 months.
When I indicate to Microsoft Money that an intro rate is in effect of 0.0%
until May of 2005, then the only option it gives me for what shall happen at
the end of this is a new fixed interest rate for from there on out. Is there
no way to indicate that on that date if a balance remains then it will
back-date the interest for 18 months worth?
I tried just feeding it some false data to trick it into thinking that it
would be more important to pay that card off by the 18th month than some of
the other ones. For example, I tried telling MS Money that the fixed rate
after the 18th month is 100%. Even at 100% interest Microsoft Money is
suggesting that I let the balance slide for a couple of months beyond the
18th month before it wants me to pay it off completely.
To heck with DRP. Just schedule a one-time payment for 17+ months from now.