This request updates an existing line of credit account.
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A line of credit account can be updated after creation. Note the following when using this request:
Line of credit accounts are represented by the LineOfCredits entity, and nested within the LineOfCredits entity are objects that hold specific sets of information. The objects that hold account configuration information are the LineOfCreditSettings object and LineOfCreditSetup object.
Updating information within a nested object requires the ID of the object and the "__update" field. For more information on updating nested objects, take a look at our Adding and Updating Nested Entities guide.
Database
For information regarding Line of Credit database tables, see the following articles:
Database – Line of Credit Setup (line_of_credit_setup_entity)
Database – Line of Credit Account (line_of_credit_entity)
Database – Line of Credit Settings (line_of_credit_settings_entity)
{
"displayId": "New LOC Display ID",
"LineOfCreditSetup": {
"__id": 2394,
"__update": true,
"openDate": "2022-02-01",
"firstStatementDate": "2022-02-28",
"firstDueDate": "2022-03-15",
"drawPeriodExpirationDate": null,
"totalCreditLimit": "2500.00",
"lateFeeType": "lineOfCredit.lateFeeType.lesser",
"fixedDollarAmount": "30.00",
"unpaidPercentage": 0,
"lesserFeePaymentValue": "0.00",
"lesserFeePaymentPercentage": "0",
"greaterFeePaymentValue": "0.00",
"greaterFeePaymentPercentage": "0",
"allowOverdraft": 1,
"cardActFriendly": 0,
"lateFeesInterestBearing": 0,
"allowMultipleDisputes": 1,
"LineOfCreditSetupBuckets": {
"results": [
{
"bucketId": 1,
"isPrimaryBucket": 1,
"compoundPastInterestCharges": "1",
"accountEnabled": 1,
"creditLimit": "2500.0000",
"interestChargeMethod": "lineOfCredit.bucketInterestChargeMethod.interest",
"computationMethod": "lineOfCredit.bucketComputationMethod.dailyBalance",
"newTransactions": "lineOfCredit.newTransactions.include",
"interestRate": "11.0000",
"interestAbatementMethod": "lineOfCredit.interestAbatementMethod.openDate",
"interestAbatementDays": 0,
"daysInYear": "loan.daysInYear.actual",
"minimumInterestCharges": "0.00"
},
{
"bucketId": 2,
"isPrimaryBucket": 0,
"compoundPastInterestCharges": "1",
"accountEnabled": 1,
"creditLimit": "1200.0000",
"interestChargeMethod": "lineOfCredit.bucketInterestChargeMethod.interest",
"computationMethod": "lineOfCredit.bucketComputationMethod.averageBalance",
"newTransactions": "lineOfCredit.newTransactions.include",
"interestRate": "24.0000",
"interestAbatementMethod": "lineOfCredit.interestAbatementMethod.transactionDate",
"interestAbatementDays": 75,
"daysInYear": "loan.daysInYear.actual",
"minimumInterestCharges": "2.00"
},
{
"bucketId": 3,
"isPrimaryBucket": 0,
"compoundPastInterestCharges": "1",
"accountEnabled": 1,
"creditLimit": "500.0000",
"interestChargeMethod": "lineOfCredit.bucketInterestChargeMethod.interest",
"computationMethod": "lineOfCredit.bucketComputationMethod.previousBalance",
"newTransactions": "lineOfCredit.newTransactions.exclude",
"interestRate": "5.0000",
"interestAbatementMethod": "lineOfCredit.interestAbatementMethod.openDate",
"interestAbatementDays": 180,
"daysInYear": "loan.daysInYear.actual",
"minimumInterestCharges": "1.00"
}
]
},
"LineOfCreditSettings": {
"__id": 2948,
"__update": true,
"autopayEnabled": 0,
"loanStatusId": 6,
"loanSubStatusId": 31,
"paymentTypeDefault": 1,
"sourceCompany": null,
"merchantProcessorGroupId": 1,
"cardFeeType": "loan.cardfee.types.0",
"cardFeeAmount": "5",
"cardFeePercent": "3",
"lineOfCreditStatementTemplateDefault": 1,
"secured": 1,
"isStoplightManuallySet": 0,
"lineOfCreditPaymentTypeDefault": 1,
"CustomFieldValues": {
"results": [
{
"customFieldId": 1,
"customFieldValue": "2"
}
]
}
}
}
}