Log a credit limit adjustment

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

 Click here to learn more about credit limit adjustments

Credit Limit Adjustments

Credit limit adjustments are used by lenders to increase or decrease a borrower's allowed credit limit. Here's what you need to know about this request:

  • Each Bucket has its own credit limit. However, the account's total credit limit is determined by the primary bucket on the account. If you'd like 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.

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:

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