I provided the technical troubleshooting for this problem in the first image below.
Schwinn exercise bike resistance problem.
The belt soaks almost all the pressure you put into an exercise bike.
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Besides that the schwinn 130 has features that aren t common on stationary bikes under 500.
I recommend that you check the wiring connections.
Unplug the exercise bike before attempting to fix it.
Schwinn model 270 recumbent.
Position the flywheel covers on each side of the flywheel.
Default resistance level should be 4 according to schwinn manual.
The third reason why your exercise bike will not change the resistance is that the sensor unit might be jammed.
Reattach the pedal cranks by rotating them clockwise as you thread them into the pulley from each side.
Reinstall the v belt on to the magnetic unit and pulley.
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Reattach the flywheel covers.
The technical information provides a voltage check for the servo motor.
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Do not use any kind of power tools to open the machine.
Common problem of the exercise bikes.
The exercise bike can be in trouble with three kinds of problems.
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To fix this locate the speed sensor and use a hex wrench to pull it out.
Schwinn model 270 recumbent bike.
It is located near the flywheel.
Unfasten the nuts and pull at the cover to expose the flywheel.
You may need a bicycle crank puller to perform this repair.
In actual fact the default resistance level is 2.
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Exercise belt slipping off is a pretty common problem.
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Check the reed sensor also known as the speed sensor.
Even so its resistance system has enough force to keep beginners challenged for a year or more.
The exercise bike is a great home workout equipment until getting any problem.
If your belt is slipping off frequently you have to tighten the belt or replace it.
What you need to do is to check if it is good by using an ohm meter.
Replace the nut that secures the pulley.
It is mounted to the frame and looks like a small black tube with a wire attached to it.
This problem could be caused by a wiring failure a failed servo motor or a mechanical problem in the resistance assembly.
At 299 the schwinn 130 upright bike is an especially low priced fitness machine.