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Credit Limits RRS feed

  • Question

  • When you initially set up a credit account set specify a credit limit.  Money will notify you when you exceed this limit.  How do you go back into the credit account and increase the credit limit?  The account profile update will not let you change the limit. 
    Sunday, December 5, 2010 5:56 PM

All replies

  • Here is how to change the interest rate and credit limit in Money 2005 for a credit
    card:

    1.  Go to Account Settings by right-clicking the account on the
    account list.

    2.  If the Account Type drop-down is grayed out, disable online
    access for that account

    3.  If the credit card is enabled for online access, disable that.
    [M05]Banking->AccountTools->ManageOnlineServices.  Click the credit
    card account, and choose StopUsingOnlineServices....

    4.  Go to Account Settings by right-clicking the account on the
    account list.

    5.  Change the Account Type drop-down to Bank.  If the Account Type
    drop-down is grayed out, you probably did not disable online access
    for that account.  (changing to Bank also seemed to work, but gave
    a different setup)

    6.  Change the interest rate. You can enter the credit limit as a
    negative value for "minimum balance".

    7.  Change the Account Type drop-down to Credit Card.

    8.  Set up the credit card for online access again if you like.

    Sunday, December 5, 2010 8:50 PM
    Moderator
  • Hi David,

    If I correctly understand this then there is a completly free helper utility that might make life much easier, if you dont mind running out of the Outlook UI, which we find better in any case. It will automate this depending on your wishes etc... In any case might be worthwhile checking it out. I believe it auto connects to a credit limit provider and autosyncs this so you dont have to do any work.

    MS PinPoint : http://pinpoint.microsoft.com/en-GB/applications/credit-check-component-for-microsoft-office-outlook-crm-12884934792

    Hope it helps.

    James

    Thursday, March 8, 2012 9:12 PM