Loan 451575
- Score
- 55
- Originated
- 2009-11
- Balance
- $24,000
- Status
- Charged off
Review score
| Reason | Strength | Category | Points | Review reason |
|---|---|---|---|---|
| No payment made | Strong | Fraud pattern | 30 | No payment made: charged off with no payment received; 1,080.00 recovered under collections against 24,000.00 funded. |
| 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 250,000, a multiple of 5,000, not verified. |
| Recent bureau inquiries | Weak | Fraud pattern | 5 | Recent bureau inquiries: 5 bureau inquiries in the six months before origination. |
| Unusual combination of values | Anomaly | Fraud pattern | 0.3 | Unusual combination of application values, most of all 5 bureau inquiries and income 250,000 (top 0.87% of the file). |
| Score | 55.3 |
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: No payment made; 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 720–749 | 109,036 | 11.3% | 17.2% | 1.3% | 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 | 451575 |
|---|---|
| Origination date | 2009-11-01 |
| Original balance | $24,000 |
| Funded balance | $24,000 |
| Interest rate | 14.26% |
| Term | 36 months |
| Instalment | $823.34 |
| Grade | C |
| Sub-grade | C5 |
| Purpose | Home improvement |
| 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 | $1,080 |
| Recoveries | $1,080 |
| Fees paid | $0 |
| Last payment date | – |
| Last payment amount | $0 |
| Modification flag | – |
| Latest credit score | 525 |
| Employer | – |
|---|---|
| Postcode | hashed |
| Region | CA |
| Annual income | $250,000 |
| Income verified | Not verified |
| Employment length years | 1 |
| Home ownership | Rent |
| Credit score | 720 |
| DTI | 3.62% |
| Bureau inquiries, 6 months | 5 |
| Months since last inquiry | – |
| Accounts opened 24m | – |
| Open accounts | 4 |
| Earliest credit line | 2000-11-01 |
| Revolving utilisation | 83.90% |
| Public records | 0 |
| Delinquencies, 2 years | 0 |