Bucket Transfers

On a line of credit account, a borrower's balance is divided between several buckets, which each have their own credit limit and interest rate. You can, however, transfer the balance of one bucket to another. Note the following when using this request:

The LineOfCreditBucketTransferTransactions object holds bucket transfer information, and it's nested within the LineOfCredits entity.

Once a bucket transfer is reversed, it cannot be edited. The bucket transfer's status is updated, and the account's billing cycle statement will reflect the change.

Database

For information regarding line of credit charge database tables, see the following articles:

Database – Line of Credit Bucket Transfers (line_of_credit_bucket_transfer_entity)

Database – Line of Credit Setup Bucket (line_of_credit_setup_bucket_entity)

Database – Line of Credit Account (line_of_credit_entity)