Log a credit limit adjustment

This request logs a credit limit adjustments on a line of credit account.

   Click here to learn more about this request

Credit limit adjustments are used by lenders to increase or decrease a borrower's allowed credit limit:

• Each Bucket has its own credit limit. However, the account's total credit limit is determined by the primary bucket on the account. To adjust an account's total allowable credit limit, use the ID of the primary bucket.
• Credit limit adjustments can not be logged in the past. The adjustment date must be after the current billing cycle's start date.
• The credit limit of an account must be greater than $0.

For an example of how credit limit adjustments work in the UI, take a look at our Line of Credit – Credit Limit Adjustments ↗ article.

Database

For information regarding Line of Credit database tables, see the following articles:

• Database – Line of Credit Credit Limit Adjustment (line_of_credit_credit_limit_adjustment_entity
• Database – Line of Credit Account (line_of_credit_entity)

Sample Payload

{
    "LineOfCreditCreditLimitAdjustments": {
        "results": [
            {
                "bucketId": 1,
                "date": "2022-08-02",
                "info": "Increase credit limit",
                "newCreditLimit": 3000
            }
        ]
    }
}