Loan 2286330
- Score
- 35
- Originated
- 2012-12
- Balance
- $1,500
- Status
- Charged off
Review score
| Reason | Strength | Category | Points | Review reason |
|---|---|---|---|---|
| Recoveries above the amount funded | Strong | Integrity | 15 | Recoveries above the amount funded: 1,517.10 recovered against 1,500.00 funded. |
| Stopped paying within three months | Medium | Fraud pattern | 15 | Stopped paying within three months: charged off; last payment 2013-02, 2 months after origination. |
| 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. |
| 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
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 C loans | 245,740 | 18.7% | 17.2% | 2.0% | 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 | 2286330 |
|---|---|
| Origination date | 2012-12-01 |
| Original balance | $1,500 |
| Funded balance | $1,500 |
| Interest rate | 16.29% |
| Term | 36 months |
| Instalment | $52.96 |
| Grade | C |
| Sub-grade | C4 |
| Purpose | Medical |
| Status | Charged off |
|---|---|
| Status label | Charged Off |
| Current balance | $0 |
| Principal paid | $65.48 |
| Interest paid | $40.18 |
| Total paid | $1,622.76 |
| Recoveries | $1,517.10 |
| Fees paid | $0 |
| Last payment date | 2013-02-01 |
| Last payment amount | $52.96 |
| Modification flag | – |
| Latest credit score | 700 |
| Employer | hashed |
|---|---|
| Postcode | hashed |
| Region | CA |
| Annual income | $60,000 |
| Income verified | Not verified |
| Employment length years | 5 |
| Home ownership | Rent |
| Credit score | 670 |
| DTI | 7.42% |
| Bureau inquiries, 6 months | 1 |
| Months since last inquiry | 1 |
| Accounts opened 24m | 1 |
| Open accounts | 8 |
| Earliest credit line | 2008-09-01 |
| Revolving utilisation | 68.70% |
| Public records | 0 |
| Delinquencies, 2 years | 0 |