Override Purchasing Decision using uPortal360
The Increase Line of Credit Feature is only available to certain program types and configurations.
Increase Line of Credit Feature
When an applicant is approved, select Loan Options.
On the Charge Entry screen, if your program configuration allows, you will see the "Increase Line of Credit" button.
Click the "Increase Line of Credit" button to open the Increase Line of Credit feature.
This will show you the following information:
| Increase LOC Amount | Definition |
|---|---|
| Default Credit Line | The default line of credit that the account was initially approved for. |
| Current Credit Line | The current line of credit on the account. |
| Max Allowable | Highest amount allowed to request for the line of credit increase. |
| Line of Credit Request | [User Input] - The specifiic amount of the line of credit you would like to increase this account to. |
Related Documentation
Full Increase Line of Credit Documentation
How to Override Purchasing Decision
If a "NOTE:" is present in the Increase Line of Credit popup, read the verbiage to see the maximum threshold of credit line that will be purchase eligible. For example, if the NOTE says "If the new credit line is over $2,500.00, the account will not be eligible for purchase. The credit limit cannot be raised above the max allowable below." In practice, if you were to request a line of credit higher than the amount listed in the "NOTE:" section, the account will no longer be eligible for Purchase and will automatically be decisioned for Servicing.
In this example, if we request to raise the credit limit to $3000, which is above the $2,500 purchase eligibility limit, the amount of credit will be raised, and when the account is assigned it will not be eligible for purchase.
