Remove an Advancement

This request removes an advancement from a loan.

   Click here to learn more about this request

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.


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

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