Loan 40583526
- Score
- 35
- Originated
- 2015-02
- Balance
- $20,000
- 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 2015-04, 2 months after origination. |
| Bust-out pattern at origination | Medium | Fraud pattern | 15 | Bust-out pattern at origination: revolving utilisation 100.8%, 4 bureau inquiries in six months and 11 accounts opened in 24 months. |
| Recent bureau inquiries | Weak | Fraud pattern | 5 | Recent bureau inquiries: 4 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 E loans | 70,607 | 32.4% | 17.2% | 4.3% | 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 | 40583526 |
|---|---|
| Origination date | 2015-02-01 |
| Original balance | $20,000 |
| Funded balance | $20,000 |
| Interest rate | 19.99% |
| Term | 60 months |
| Instalment | $529.77 |
| Grade | E |
| Sub-grade | E3 |
| Purpose | Debt consolidation |
| Status | Charged off |
|---|---|
| Status label | Charged Off |
| Current balance | $0 |
| Principal paid | $396.48 |
| Interest paid | $640.85 |
| Total paid | $5,236.60 |
| Recoveries | $4,199.27 |
| Fees paid | $0 |
| Last payment date | 2015-04-01 |
| Last payment amount | $529.77 |
| Modification flag | – |
| Latest credit score | 570 |
| Employer | hashed |
|---|---|
| Postcode | hashed |
| Region | CA |
| Annual income | $165,000 |
| Income verified | Verified |
| Employment length years | 9 |
| Home ownership | Rent |
| Credit score | 670 |
| DTI | 33.69% |
| Bureau inquiries, 6 months | 4 |
| Months since last inquiry | 1 |
| Accounts opened 24m | 11 |
| Open accounts | 13 |
| Earliest credit line | 1984-02-01 |
| Revolving utilisation | 100.80% |
| Public records | 0 |
| Delinquencies, 2 years | 0 |