Loan 54434826
- Score
- 38
- Originated
- 2015-07
- Balance
- $32,000
- 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 2015-10, 3 months after origination. |
| Bust-out pattern at origination | Medium | Fraud pattern | 15 | Bust-out pattern at origination: revolving utilisation 94.0%, 3 bureau inquiries in six months and 14 accounts opened in 24 months. |
| Unusual combination of values | Anomaly | Fraud pattern | 7.8 | Unusual combination of application values, most of all 34 open accounts and 3 bureau inquiries (top 0.02% of the file). |
| Score | 37.8 |
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.
Repayment history
No repayment history uploaded.
Against its segments
| Segment | Loans | Charge-off rate | Book, charge-off | Early default | Book, early default |
|---|---|---|---|---|---|
| Grade G loans | 5,454 | 42.7% | 17.2% | 7.8% | 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 | 54434826 |
|---|---|
| Origination date | 2015-07-01 |
| Original balance | $32,000 |
| Funded balance | $32,000 |
| Interest rate | 26.77% |
| Term | 60 months |
| Instalment | $972.74 |
| Grade | G |
| Sub-grade | G1 |
| Purpose | Medical |
| Status | Charged off |
|---|---|
| Status label | Charged Off |
| Current balance | $0 |
| Principal paid | $794.07 |
| Interest paid | $2,028.97 |
| Total paid | $4,772.89 |
| Recoveries | $1,949.85 |
| Fees paid | $0 |
| Last payment date | 2015-10-01 |
| Last payment amount | $972.74 |
| Modification flag | – |
| Latest credit score | – |
| Employer | – |
|---|---|
| Postcode | hashed |
| Region | CA |
| Annual income | $155,000 |
| Income verified | Source verified |
| Employment length years | – |
| Home ownership | Mortgage |
| Credit score | 665 |
| DTI | 23.34% |
| Bureau inquiries, 6 months | 3 |
| Months since last inquiry | 2 |
| Accounts opened 24m | 14 |
| Open accounts | 34 |
| Earliest credit line | 1986-01-01 |
| Revolving utilisation | 94.00% |
| Public records | 0 |
| Delinquencies, 2 years | 0 |