Log a credit limit adjustment

Credit limit adjustments are used by lenders to increase or decrease a borrower's allowed credit limit. Note the following when using 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. 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.

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This request interacts with Compliance Guardrails.

Compliance Guardrails are a LoanPro feature that helps ensure actions taken on accounts are done so compliantly with lending laws. Once configured, these guardrails are applied to a line of credit program, ensuring all accounts within that program adhere to the same compliance standards.

Guardrails are configurable, allowing you to set rule criteria for which accounts should either result in a warning or an error. If your request attempt is flagged by a guardrail, a 409 response code is returned along with one of the following responses:

Guardrail warningGuardrail error

{
    "error": {
        "message": "",
        "type": "GuardrailEvaluationException",
        "code": 409
    },
    "warnings": [
        "<p>CARD Act Warning: This is a configurable warning message.</p>"
    ]
}

{
    "error": {
        "message": "CARD Act Compliance: This is a configurable error message.",
        "type": "GuardrailEvaluationException",
        "code": 409
    }
}

Guardrail flags can be ignored for testing purposes by adding "ignoreGuardrailWarnings": true to the payload of this request.

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)

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