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Loan Payments Show up as reimbursements

Jan 26, 2017 10:09AM EST

I am trying to track my monthly loan payments but they show up as green (or reimbursement to my budget) how do I properly track this?

Best Answer

HelloWallet Support Answer

Jan 26, 2017 10:15AM EST
Meaghan
HelloWallet Support

Loan payments will not appear as transactions in HelloWallet. This is due to the fact that if we added the payment as a transaction, it would increase the total amount owed on the loan.

However, you can always add a custom category for paying off this loan so you can effectively track this. From the plan tab, you can add a category to your “Bills” and then set a rule to categorize all future payments in this category. Here is some information on assigning categorization preferences: https://support.hellowallet.com/customer/portal/articles/1244965-assign-categorization-preferences

Please email support@hellowallet.com if you have any specific questions about your account.

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