This is obnoxious: Quicken Deluxe has a built in feature to help you plan for buying a home. Normally, this would be great! I’m looking to buy a home. How helpful!
Here’s the catch, however, in the middle of filling out your information, Quicken gives you advice — bad advice — all in the name of trying to sign you up for their Quicken Loan program.
That’s right — the software you paid for — you paid $60 — is injecting opaque ads into the software, and even willing to give you bad advice just to make an additional buck.
WTF?!
I’ve been a pretty faithful user of Quicken. Not only having resisted the undercut pricing of MS Money, I also started using TurboTax since I liked Quicken so much.
I was even willing to tolerate the obvious adware in Quicken, such as the little rotating text in the lower right offering to help me check my credit report. Not to mention the offers to “Use Quicken BillPay!”, “Sign up for Quicken Mastercard!”, “Protect my Data!”, “Order Checks!” and all the other crap.
Today, however, crossed the line & there’s a good chance next time I upgrade it won’t be to something in the Quicken family.
Today, while downloading transactions from my usual accounts, I noticed an option in the menu “Home Purchase Planner.” Hey, I’m looking to buy a house, that could be useful. Quicken has all my info, maybe they’ll give me something helpful.
I run through the numbers, and at one point it offers to get current interest rates online. Okay, sounds good — love that online integration. It asks me for some numbers that make sense (size of loan, state, etc.) and comes back with something surprising… a loan with a somewhat low interest rate, but even more surprising, a loan promising payments a full $1,000 less per month than everything else I had been seeing.
Only because I’ve been looking around, talking to my credit union & the banker my brother used, did I know something was seriously out of wack. What was it? Well, the loan they where offering, so cleverly called the “Smart Choice” was an Interest Only loan!
Imagine if I (or someone else) had used this as the core of my planning. We’d be making one of the largest purchases of our life, misled by deceptive advertising embedded in Quicken.
Until now, I’ve stayed away from MS Money, simply because, well MS is evil. But how much more evil can you get than this?
Screw Quicken. I’m going to switch to Money.