This request allows you to remove a credit from an account.
Click here to learn more about this request
Credits are used when a lender decides to forgive a portion of a borrower's loan. Many credits are used as promotional incentives or relief. Note the following when using this request:
This request will remove an existing credit. Removing a credit will update the loan's balance.
A credit differs from an advancement. Credits function similar to payments, and they affect loan calculations. An advancement simply increases a loan's principal balance.
Credits apply to the portions of a loan in the order that is determined by the paymentType
in the payload.
For an example of how credits work within the UI, take a look at our Log a Credit article on our help site.
Database
For information on credits database tables, see the following articles:
Database – Loan Credit Entity (loan_credit_entity)
Database – Credit Category Entity (credit_category_entity)
{
"Credits": {
"results": [
{
"__id": 372,
"__destroy": true
}
]
}
}