This request changes a line of credit account's due date.
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Each billing cycle has an associated payment due date. Due dates are an important piece to how account values, such as interest accrual, are calculated. If necessary, due dates can be moved:
This endpoint has two capabilities: changing due dates and changing statement dates. These two actions are separate from each other. Which action is taken is dependent the type
field within the payload. For information on how to change a statement date, see Change account statement date ↗
Due date changes take effect on the apply date. The system will verify which period the apply date is in and change the due date that's associated with that period.
Changing a due date does not also change the statement date. change a statement date, you will have to do so manually.
Here's an example of how changing a due date affects the account:
Database
For more information regarding due date database tables, see the following articles:
- Database – Line of Credit Change Statement Due Date Entity (line_of_credit_change_statement_due_date_entity)
- Database - Line of Credit Statements (line_of_credit_statement_template_entity)
{
"lineOfCreditId": 28982,
"info": "Due Date Change",
"type": "lineOfCreditChangeStatementDueChange.type.dueDateChanged",
"applyDate": "2023-09-30",
"newDate": "2023-10-31"
}