Remove an advancement

Advancements are used by lenders to increase a loan's principal balance. A lender may decide to do this if the borrower requests to borrow additional funds on a loan that has already been agreed upon. Note the following when using this request:

An advancement differs from a credit. Advancements simply affect the principal amount on a loan. Credits function like payments on a loan, and they affect loan calculations.

This request removes an advancement. Removing an advancement will update the loan's values.

For an example of how advancements work within the UI, take a look at our Log an Advancement article on our help site.

Database

For information on advancements database tables, see the following articles:

Database – Loan Advancements (loan_advancement_entity)

Database – Advancement Category Entity (advance_category_entity)

{
    "Advancements": {
        "results": [
            {
                "__id": 83,
                "__destroy": true
            }
        ]
    }
}