Loan 38556220
- Score
- 35
- Originated
- 2015-01
- Balance
- $6,000
- 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 2015-03, 2 months after origination. |
| Bust-out pattern at origination | Medium | Fraud pattern | 15 | Bust-out pattern at origination: revolving utilisation 97.3%, 2 bureau inquiries in six months and 6 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; Stopped paying within three months; Recent bureau inquiries.
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 | 38556220 |
|---|---|
| Origination date | 2015-01-01 |
| Original balance | $6,000 |
| Funded balance | $6,000 |
| Interest rate | 13.66% |
| Term | 36 months |
| Instalment | $204.08 |
| Grade | C |
| Sub-grade | C3 |
| Purpose | Debt consolidation |
| Status | Charged off |
|---|---|
| Status label | Charged Off |
| Current balance | $0 |
| Principal paid | $271.56 |
| Interest paid | $132.05 |
| Total paid | $1,444.66 |
| Recoveries | $1,026.05 |
| Fees paid | $15 |
| Last payment date | 2015-03-01 |
| Last payment amount | $423.16 |
| Modification flag | – |
| Latest credit score | 545 |
| Employer | hashed |
|---|---|
| Postcode | hashed |
| Region | NC |
| Annual income | $45,000 |
| Income verified | Source verified |
| Employment length years | 2 |
| Home ownership | Own |
| Credit score | 675 |
| DTI | 34.32% |
| Bureau inquiries, 6 months | 2 |
| Months since last inquiry | 1 |
| Accounts opened 24m | 6 |
| Open accounts | 11 |
| Earliest credit line | 2002-09-01 |
| Revolving utilisation | 97.30% |
| Public records | 0 |
| Delinquencies, 2 years | 1 |