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Reverse accelerate

Reverse accelerate

Request

A loan must be in accelerated status to be reversed.

The reverse accelerate endpoint will reverse a loan in accelerated status, and roll back any acceleration-related logic and accounting treatment.

Reverse acceleration triggers a replay of the loan starting from the day of acceleration as if the loan was in active status. This means if the acceleration occurred on day 90 of the loan, and the reverse acceleration is triggered on day 100, the loan will be replayed as an active loan with interest accrual between days 90-100. If the reversal is triggered on day 90 (the same day of the acceleration), no additional interest is accrued. The result of a reverse acceleration is a loan in active status.

The accelerationDueWithin and chargeOffDueWithin configurations of the loan are still in force. So a loan could possibly go back to accelerated or chargedOff status during the next day if the balance is not paid on the day a reversal was made.

Security
oauth2(Required scopes: loan:accelerate.reverse) or bearerAuth or apiKeyHeader
Path
personIdstring(AnyId)^ext-|^[A-Z][A-Z0-9]-[A-Z0-9]+-[A-Z0-9]+|^\d+$write-onlyrequired

A Borrower's unique identifier, tied to a person or a business. Can be Peach or a lender's external identifier.

loanIdstring(AnyId)^ext-|^[A-Z][A-Z0-9]-[A-Z0-9]+-[A-Z0-9]+|^\d+$write-onlyrequired

The unique identifier of the Loan we wish to retrieve. Can be Peach or lender's external identifier.

Bodyapplication/jsonrequired
caseIdstring

An identifier for an existing case.

POST
/people/{personId}/loans/{loanId}/reverse-accelerate
curl -i -X POST \
  'https://sandboxapi.peach.finance/api/people/{personId}/loans/{loanId}/reverse-accelerate' \
  -H 'Authorization: Bearer <YOUR_TOKEN_HERE>' \
  -H 'Content-Type: application/json' \
  -d '{
    "caseId": "string"
  }'

Responses

Loan Reverse Accelerate

Bodyapplication/json
messagestring

Description of the server action or error.

statusinteger

HTTP status code.

dataobject(LoanReverseAccelerateResponse)
Response
{
  "message": "string",
  "status": 0,
  "data": {
    "reversedAcceleratedAmount": 0.1
  }
}