Loan 12987029
- Score
- 35
- Originated
- 2014-03
- Balance
- $18,000
- Status
- Charged off
Review score
| Reason | Strength | Category | Points | Review reason |
|---|---|---|---|---|
| Recoveries above the amount funded | Strong | Integrity | 15 | Recoveries above the amount funded: 18,920.88 recovered against 18,000.00 funded. |
| Stopped paying within three months | Medium | Fraud pattern | 15 | Stopped paying within three months: charged off; last payment 2014-04, 1 month after origination. |
| Recent bureau inquiries | Weak | Fraud pattern | 5 | Recent bureau inquiries: 2 bureau inquiries in six months, the latest 1 month before origination. |
| Score | 35 |
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
A servicing or data error rather than fraud.
From: Recoveries above the amount funded.
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% |
| 60-month loans | 266,271 | 25.0% | 17.2% | 2.5% | 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 | 12987029 |
|---|---|
| Origination date | 2014-03-01 |
| Original balance | $18,000 |
| Funded balance | $18,000 |
| Interest rate | 18.25% |
| Term | 60 months |
| Instalment | $459.54 |
| Grade | D |
| Sub-grade | D3 |
| Purpose | Debt consolidation |
| Status | Charged off |
|---|---|
| Status label | Charged Off |
| Current balance | $0 |
| Principal paid | $185.79 |
| Interest paid | $273.75 |
| Total paid | $19,380.42 |
| Recoveries | $18,920.88 |
| Fees paid | $0 |
| Last payment date | 2014-04-01 |
| Last payment amount | $459.54 |
| Modification flag | – |
| Latest credit score | 660 |
| Employer | hashed |
|---|---|
| Postcode | hashed |
| Region | IL |
| Annual income | $75,000 |
| Income verified | Source verified |
| Employment length years | 5 |
| Home ownership | Rent |
| Credit score | 670 |
| DTI | 7.54% |
| Bureau inquiries, 6 months | 2 |
| Months since last inquiry | 1 |
| Accounts opened 24m | 1 |
| Open accounts | 7 |
| Earliest credit line | 1999-05-01 |
| Revolving utilisation | 2.80% |
| Public records | 2 |
| Delinquencies, 2 years | 0 |