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Reverse charge-off

Reverse charge-off

Request

A loan must be in chargedOff status to be reversed.

The reverse charge-off endpoint will reverse a loan in chargedOff status, and roll back any charge-off-related logic and accounting treatment.

Reverse charge-off triggers a replay of the loan starting from the day of charge off as if the loan was in active status. This means if the charge-off occurred on day 120 of the loan, and the reverse charge-off is triggered on day 130, the loan will be replayed as an active loan with interest accrual between days 120-130. If the reversal is triggered on day 120 (the same day of the charge-off), no additional interest is accrued. The result of a reverse charge-off is a loan in active status.

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

Security
oauth2(Required scopes: loan:chargeoff.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-charge-off
curl -i -X POST \
  'https://sandboxapi.peach.finance/api/people/{personId}/loans/{loanId}/reverse-charge-off' \
  -H 'Authorization: Bearer <YOUR_TOKEN_HERE>' \
  -H 'Content-Type: application/json' \
  -d '{
    "caseId": "string"
  }'

Responses

Loan Reverse Charge Off

Bodyapplication/json
messagestring

Description of the server action or error.

statusinteger

HTTP status code.

dataobject(LoanReverseChargeOffResponse)
Response
{
  "message": "string",
  "status": 0,
  "data": {
    "reversedChargeOffAmount": 0.1
  }
}