Loan 1220100
- Score
- 40
- Originated
- 2012-04
- Balance
- $13,475
- Status
- Charged off
Review score
| Reason | Strength | Category | Points | Review reason |
|---|---|---|---|---|
| Stopped paying within three months | Medium | Fraud pattern | 15 | Stopped paying within three months: charged off; last payment 2012-07, 3 months after origination. |
| Bust-out pattern at origination | Medium | Fraud pattern | 15 | Bust-out pattern at origination: revolving utilisation 90.6%, 2 bureau inquiries in six months and 6 accounts opened in 24 months. |
| Round unverified income, early default | Weak | Fraud pattern | 5 | Round unverified income, early default: stated income 60,000, a multiple of 5,000, not verified. |
| Recent bureau inquiries | Weak | Fraud pattern | 5 | Recent bureau inquiries: 2 bureau inquiries in six months, the latest 1 month before origination. |
| Score | 40 |
Points per distinct reason: strong 30, medium 15, weak 5, half that for an integrity reason; up to 15 more for an unusual combination of application values. The score ranks loans for review. It is not a probability. Method
Likely explanation
Stated income to test: round, unverified, and the loan stopped paying at once.
From: Stopped paying within three months; Round unverified income, early default.
Repayment history
No repayment history uploaded.
Against its segments
| Segment | Loans | Charge-off rate | Book, charge-off | Early default | Book, early default |
|---|---|---|---|---|---|
| Grade D loans | 139,455 | 25.5% | 17.2% | 3.3% | 2.0% |
| 36-month loans | 620,566 | 13.9% | 17.2% | 1.8% | 2.0% |
| Credit score 660–679 | 306,261 | 21.8% | 17.2% | 2.6% | 2.0% |
Rates by count. Early default: charged off or late, with no payment received or a last payment within six months of origination.
Loan fields
| Loan ID | 1220100 |
|---|---|
| Origination date | 2012-04-01 |
| Original balance | $13,475 |
| Funded balance | $13,475 |
| Interest rate | 18.25% |
| Term | 36 months |
| Instalment | $488.85 |
| Grade | D |
| Sub-grade | D3 |
| Purpose | Debt consolidation |
| Status | Charged off |
|---|---|
| Status label | Charged Off |
| Current balance | $0 |
| Principal paid | $863.07 |
| Interest paid | $600.60 |
| Total paid | $2,191.64 |
| Recoveries | $727.97 |
| Fees paid | $0 |
| Last payment date | 2012-07-01 |
| Last payment amount | $488.85 |
| Modification flag | – |
| Latest credit score | 500 |
| Employer | hashed |
|---|---|
| Postcode | hashed |
| Region | CT |
| Annual income | $60,000 |
| Income verified | Not verified |
| Employment length years | 10 |
| Home ownership | Own |
| Credit score | 670 |
| DTI | 17.85% |
| Bureau inquiries, 6 months | 2 |
| Months since last inquiry | 1 |
| Accounts opened 24m | 6 |
| Open accounts | 19 |
| Earliest credit line | 1984-05-01 |
| Revolving utilisation | 90.60% |
| Public records | 0 |
| Delinquencies, 2 years | 0 |