Loan 55038455
- Score
- 35
- Originated
- 2015-07
- Balance
- $10,400
- Status
- Current
Review score
| Reason | Strength | Category | Points | Review reason |
|---|---|---|---|---|
| Credit score fallen since origination | Medium | Fraud pattern | 15 | Credit score fallen since origination: current with credit score 540 against 670 at origination, 130 points lower; 3,792.58 outstanding. |
| Bust-out pattern at origination | Medium | Fraud pattern | 15 | Bust-out pattern at origination: revolving utilisation 92.8%, 5 bureau inquiries in six months and 12 accounts opened in 24 months. |
| Recent bureau inquiries | Weak | Fraud pattern | 5 | Recent bureau inquiries: 5 bureau inquiries in six months, the latest 1 month before origination. |
| 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
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; Recent bureau inquiries; Credit score fallen since origination.
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% |
| 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 | 55038455 |
|---|---|
| Origination date | 2015-07-01 |
| Original balance | $10,400 |
| Funded balance | $10,400 |
| Interest rate | 18.55% |
| Term | 60 months |
| Instalment | $267.22 |
| Grade | E |
| Sub-grade | E2 |
| Purpose | Medical |
| Status | Current |
|---|---|
| Status label | Current |
| Current balance | $3,792.58 |
| Principal paid | $6,607.42 |
| Interest paid | $5,149.58 |
| Total paid | $11,802 |
| Recoveries | $0 |
| Fees paid | $45 |
| Last payment date | 2019-03-01 |
| Last payment amount | $267.22 |
| Modification flag | – |
| Latest credit score | 540 |
| Employer | hashed |
|---|---|
| Postcode | hashed |
| Region | MT |
| Annual income | $40,000 |
| Income verified | Verified |
| Employment length years | 4 |
| Home ownership | Mortgage |
| Credit score | 670 |
| DTI | 27.23% |
| Bureau inquiries, 6 months | 5 |
| Months since last inquiry | 1 |
| Accounts opened 24m | 12 |
| Open accounts | 28 |
| Earliest credit line | 2006-05-01 |
| Revolving utilisation | 92.80% |
| Public records | 0 |
| Delinquencies, 2 years | 0 |