Remove an Advancement

General

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. Here's what you need to know about 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/Credit 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
            }
        ]
    }
}

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Try It Instructions

Our requests often provide sample payload information so that you can receive a 200 response from simply hitting the Try It button. This request is a bit different.

We can’t provide sample values that will work for multiple users. But, if you’d like to see a sample of a 200 response, click the response examples located under the Try It button.

To receive a 200 response from the Try It button, you will have to try this request with your own tenant credentials. If you plan on doing so, make sure to change the headers to match your own authentication information.