Loan 497381
- Score
- 40
- Originated
- 2010-03
- Balance
- $15,000
- 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 2010-05, 2 months after origination. |
| 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 40,000, a multiple of 5,000, not verified. |
| Recent bureau inquiries | Weak | Fraud pattern | 5 | Recent bureau inquiries: 8 bureau inquiries in the six months before origination. |
| Score | 40 |
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 D loans | 139,455 | 25.5% | 17.2% | 3.3% | 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 | 497381 |
|---|---|
| Origination date | 2010-03-01 |
| Original balance | $15,000 |
| Funded balance | $15,000 |
| Interest rate | 15.70% |
| Term | 36 months |
| Instalment | $525.17 |
| Grade | D |
| Sub-grade | D4 |
| Purpose | Other |
| Status | Charged off |
|---|---|
| Status label | Does not meet the credit policy. Status:Charged Off |
| Current balance | $0 |
| Principal paid | $328.18 |
| Interest paid | $195.87 |
| Total paid | $525.17 |
| Recoveries | $1.12 |
| Fees paid | $0 |
| Last payment date | 2010-05-01 |
| Last payment amount | $525.17 |
| Modification flag | – |
| Latest credit score | 520 |
| Employer | hashed |
|---|---|
| Postcode | hashed |
| Region | CO |
| Annual income | $40,000 |
| Income verified | Not verified |
| Employment length years | 7 |
| Home ownership | Rent |
| Credit score | 720 |
| DTI | 10.05% |
| Bureau inquiries, 6 months | 8 |
| Months since last inquiry | – |
| Accounts opened 24m | – |
| Open accounts | 8 |
| Earliest credit line | 2002-12-01 |
| Revolving utilisation | 30.80% |
| Public records | 0 |
| Delinquencies, 2 years | 0 |