Loan 409248
- Score
- 55
- Originated
- 2009-05
- Balance
- $4,600
- Status
- Charged off
Review score
| Reason | Strength | Category | Points | Review reason |
|---|---|---|---|---|
| No payment, nothing recovered | Strong | Fraud pattern | 30 | No payment, nothing recovered: charged off with no payment and nothing recovered against 4,600.00 funded; consistent with third-party fraud. |
| Status label says outside credit policy | Medium | Fraud pattern | 15 | Status label says outside credit policy: label “Does not meet the credit policy. Status:Charged Off”. |
| Round unverified income, early default | Weak | Fraud pattern | 5 | Round unverified income, early default: stated income 75,000, a multiple of 5,000, not verified. |
| Recent bureau inquiries | Weak | Fraud pattern | 5 | Recent bureau inquiries: 4 bureau inquiries in the six months before origination. |
| Score | 55 |
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
No payment and nothing recovered: consistent with third-party fraud, an identity used without its owner's knowledge. Check the identity evidence on the application and whether the borrower can be reached.
From: No payment, nothing recovered; Recent bureau inquiries; 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 E loans | 70,607 | 32.4% | 17.2% | 4.3% | 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 | 409248 |
|---|---|
| Origination date | 2009-05-01 |
| Original balance | $4,600 |
| Funded balance | $4,600 |
| Interest rate | 15.68% |
| Term | 36 months |
| Instalment | $161.01 |
| Grade | E |
| Sub-grade | E1 |
| Purpose | Other |
| Status | Charged off |
|---|---|
| Status label | Does not meet the credit policy. Status:Charged Off |
| Current balance | $0 |
| Principal paid | $0 |
| Interest paid | $0 |
| Total paid | $0 |
| Recoveries | $0 |
| Fees paid | $0 |
| Last payment date | – |
| Last payment amount | $0 |
| Modification flag | – |
| Latest credit score | – |
| Employer | hashed |
|---|---|
| Postcode | hashed |
| Region | IL |
| Annual income | $75,000 |
| Income verified | Not verified |
| Employment length years | 10 |
| Home ownership | Rent |
| Credit score | 675 |
| DTI | 8.00% |
| Bureau inquiries, 6 months | 4 |
| Months since last inquiry | – |
| Accounts opened 24m | – |
| Open accounts | 21 |
| Earliest credit line | 1989-08-01 |
| Revolving utilisation | 29.20% |
| Public records | 1 |
| Delinquencies, 2 years | 0 |