Log Charge-Off

This request logs a charge-off on a payment.

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A lender may determine it's in their best interest to charge-off an amount on a loan. Note the following when using this request:

Charge-offs are not a forgiven amount on a loan—they hold credit implications for the borrower.

A charge-off is actually logged as a credit within LoanPro for accounting purposes. Notice the payload for this request uses the Credits object.

A charge-off can be made for any amount up to the remaining loan balance. It's possible to charge off the rest of the loan or just a portion of it.

For an example of how charge-offs work within the LoanPro UI, take a look at our Charge-Offs 101 article.

Database

For information on charge-off database tables, see the following articles:

Database – Loan Chargeoff Entity (loan_chargeoff_entity)

Database – Loan Chargeoff Transaction (loan_chargeoff__transactions)

{ "Credits": { "results": [ { "resetPastDue": 0, "chargeOffFlag": 1, "loanId": 9709, "date": "2022-07-01", "paymentType": 1, "category": 6, "amount": 100, "title": "This charge-off was logged via the API." } ] } }
Path Params
int32
required

This is the ID of the loan.

Body Params
Credits
object
required
Responses

Language
Credentials