Loan 28062619
- Score
- 35
- Originated
- 2014-10
- Balance
- $16,000
- Status
- Current
Review score
| Reason | Strength | Category | Points | Review reason |
|---|---|---|---|---|
| Credit score fallen since origination | Medium | Fraud pattern | 15 | Credit score fallen since origination: current with credit score 580 against 690 at origination, 110 points lower; 2,564.59 outstanding. |
| Bust-out pattern at origination | Medium | Fraud pattern | 15 | Bust-out pattern at origination: revolving utilisation 92.4%, 2 bureau inquiries in six months and 7 accounts opened in 24 months. |
| 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
Bust-out pattern: high utilisation, recent inquiries and many new accounts at origination. Credit drawn fast across lenders; pull the bureau file for accounts opened since.
From: Bust-out pattern at origination; Recent bureau inquiries; Credit score fallen since origination.
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 680–699 | 246,005 | 18.4% | 17.2% | 2.2% | 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 | 28062619 |
|---|---|
| Origination date | 2014-10-01 |
| Original balance | $16,000 |
| Funded balance | $16,000 |
| Interest rate | 15.61% |
| Term | 60 months |
| Instalment | $385.79 |
| Grade | D |
| Sub-grade | D1 |
| Purpose | Debt consolidation |
| Status | Current |
|---|---|
| Status label | Current |
| Current balance | $2,564.59 |
| Principal paid | $13,435.41 |
| Interest paid | $7,050.66 |
| Total paid | $20,486.07 |
| Recoveries | $0 |
| Fees paid | $0 |
| Last payment date | 2019-03-01 |
| Last payment amount | $385.79 |
| Modification flag | – |
| Latest credit score | 580 |
| Employer | hashed |
|---|---|
| Postcode | hashed |
| Region | CO |
| Annual income | $86,000 |
| Income verified | Verified |
| Employment length years | 10 |
| Home ownership | Mortgage |
| Credit score | 690 |
| DTI | 26.81% |
| Bureau inquiries, 6 months | 2 |
| Months since last inquiry | 1 |
| Accounts opened 24m | 7 |
| Open accounts | 11 |
| Earliest credit line | 1999-07-01 |
| Revolving utilisation | 92.40% |
| Public records | 0 |
| Delinquencies, 2 years | 0 |