Author Topic: mint  (Read 8294 times)

HAULIN3

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mint
« on: July 23, 2014, 08:03:28 AM »
I started with Mint.  last week I paid off my car, and Mint doesn't show it.. Does anyone know why? 

neo von retorch

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Re: mint
« Reply #1 on: July 23, 2014, 08:05:29 AM »
Possibly when it was paid off, your financial institution closed the account and Mint cannot access it and update the remaining balance.

If you click on Accounts and go to that specific loan, see if there is a Status drop down list showing "Active" which can be changed to "Closed." This should maintain history but allow you to see the change in net worth.
« Last Edit: July 23, 2014, 08:10:09 AM by neogodless »

HAULIN3

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Re: mint
« Reply #2 on: July 23, 2014, 08:10:23 AM »
so I should just edit it? delete it in mint?

Chranstronaut

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Re: mint
« Reply #3 on: July 23, 2014, 08:16:38 AM »
so I should just edit it? delete it in mint?

If you just started in Mint, you might want to delete it.  But it will delete the information from all your past records too.  This makes it annoying to compare things over time if you're using Mint for longer than a few months.  It will be as if it never existed, rather than it was a past debt that was paid off over time.

If you want your car debt to be part of your past information (such as tracking net worth over time), just deactivate the account.  You can do this by opening your "Accounts" in the top right hand menu.  If it's a loan account, you should be able to switch the status to "Closed" instead of "Active".  This will freeze the account information from updating and preserve all past information.  If it's still showing that you owe some money, wait a week or two to make sure it goes through before closing the status.

HAULIN3

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Re: mint
« Reply #4 on: July 23, 2014, 09:14:35 AM »
hmm.. ok.  I notice my checking balance is correct because I only have one outstanding check,  so my bank updated the balance with mint,  but mint doesnt show the check I wrote to payoff the car loan.. weird.  And the car loan still shows the balance.  It's frustrating figuring out new apps...

Another Reader

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Re: mint
« Reply #5 on: July 23, 2014, 09:33:46 AM »
Mint reflects what the account websites show.  Once the car loan website updates to show a zero balance, Mint will do the same.  It can be confusing when the money has left the bank, been received by the payee, but is not yet reflected in the payee's records.

TeresaB

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Re: mint
« Reply #6 on: July 23, 2014, 10:00:08 AM »
In my experience Mint generally only shows completed transactions. So a payment that's pending can be showing up on my bank website, but not on Mint. It's kind of annoying. But in my opinion, having everything all together balances it out in convenience.

HairyUpperLip

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Re: mint
« Reply #7 on: July 23, 2014, 10:08:14 AM »
I had the same problem with mint and a car loan. I just ended up logging on the website and deleting it.

I didn't really need to see the Zero even though I wanted too for personal satisfactions.

Just delete it and move on. :)

Freedom2016

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Re: mint
« Reply #8 on: July 23, 2014, 10:48:20 AM »
Give it more time. When I paid off my student loan it took a couple of weeks for the loan servicer site to show the $0 balance.

FrugalSpendthrift

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Re: mint
« Reply #9 on: July 23, 2014, 10:56:04 AM »
last week I paid off my car.
Congrats!