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Community Discussion: Red Flag appears on Automatic Mortgage Account

Community Discussion: Red Flag appears on Automatic Mortgage Account

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I believe it's a virtual certainty that the original poster has some data corruption (or possibly a bug). I doubt that the problem can be fixed by the user.

I think there are only two realistic choices: convert the loan account to a manual loan account, or delete the current online-enabled account and create a new one.

Online-enabled loan accounts do not contain loan transactions: all they ever contain is a single "loan balance transaction" which contains the loan balance as of the most recent download. [Anyone wanting to verify this can simply look at a Banking > Transaction report for the loan account.]

Online-enabled loan accounts can normally be de-activated, but never re-activated.

Given the above, there is no loss to deleting an online-enabled loan account, then re-creating it: the old loan balance transaction will be deleted when the old account is deleted, but the new loan account will contain a loan balance transaction with the newest online balance available.

Reply to
John Pollard
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I should qualify that statement.

If the real-world loan account is a HELOC, and the financial institution has agreed to download the loan transactions to Quicken; the Quicken account will be a credit-card account, and it WILL contain transactions. Deleting such an account will delete its transactions.

But downloads to a HELOC account setup as a Quicken credit card account will NOT hide the account register; all transactions in the register will be visible, and can be selected and copied to another account.

Reply to
John Pollard

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