Loan 48484517
- Score
- 35
- Originated
- 2015-05
- Balance
- $12,000
- 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 2015-06, 1 month after origination. |
| Same amount, rate, term, date and postcode | Medium | Fraud pattern | 15 | Same amount, rate, term, date and postcode: matches loan 46814411. |
| Round unverified income, early default | Weak | Fraud pattern | 5 | Round unverified income, early default: stated income 90,000, a multiple of 5,000, not verified. |
| 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
Stated income to test: round, unverified, and the loan stopped paying at once.
From: Stopped paying within three months; 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 B loans | 254,455 | 11.4% | 17.2% | 1.1% | 2.0% |
| 36-month loans | 620,566 | 13.9% | 17.2% | 1.8% | 2.0% |
| Credit score 700–719 | 164,410 | 14.6% | 17.2% | 1.6% | 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 | 48484517 |
|---|---|
| Origination date | 2015-05-01 |
| Original balance | $12,000 |
| Funded balance | $12,000 |
| Interest rate | 9.17% |
| Term | 36 months |
| Instalment | $382.55 |
| Grade | B |
| Sub-grade | B2 |
| Purpose | Home improvement |
| Status | Charged off |
|---|---|
| Status label | Charged Off |
| Current balance | $0 |
| Principal paid | $290.85 |
| Interest paid | $85.59 |
| Total paid | $2,431.50 |
| Recoveries | $2,055.06 |
| Fees paid | $0 |
| Last payment date | 2015-06-01 |
| Last payment amount | $382.55 |
| Modification flag | – |
| Latest credit score | 605 |
| Employer | hashed |
|---|---|
| Postcode | hashed |
| Region | TX |
| Annual income | $90,000 |
| Income verified | Not verified |
| Employment length years | 1 |
| Home ownership | Mortgage |
| Credit score | 710 |
| DTI | 21.49% |
| Bureau inquiries, 6 months | 0 |
| Months since last inquiry | 2 |
| Accounts opened 24m | 3 |
| Open accounts | 12 |
| Earliest credit line | 2000-08-01 |
| Revolving utilisation | 93.00% |
| Public records | 0 |
| Delinquencies, 2 years | 0 |