Loan 557648
- Score
- 35
- Originated
- 2010-08
- Balance
- $8,500
- 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 2010-10, 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”. |
| Recent bureau inquiries | Weak | Fraud pattern | 5 | Recent bureau inquiries: 5 bureau inquiries in the six months 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
First-payment default: application fraud is the first thing to rule out.
From: Stopped paying within three months; Recent bureau inquiries.
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 | 557648 |
|---|---|
| Origination date | 2010-08-01 |
| Original balance | $8,500 |
| Funded balance | $8,500 |
| Interest rate | 17.19% |
| Term | 60 months |
| Instalment | $212.12 |
| Grade | E |
| Sub-grade | E3 |
| Purpose | Debt consolidation |
| Status | Charged off |
|---|---|
| Status label | Does not meet the credit policy. Status:Charged Off |
| Current balance | $0 |
| Principal paid | $181.51 |
| Interest paid | $241.57 |
| Total paid | $798.55 |
| Recoveries | $375.47 |
| Fees paid | $0 |
| Last payment date | 2010-10-01 |
| Last payment amount | $212.12 |
| Modification flag | – |
| Latest credit score | 500 |
| Employer | hashed |
|---|---|
| Postcode | hashed |
| Region | AL |
| Annual income | $32,000 |
| Income verified | Not verified |
| Employment length years | 8 |
| Home ownership | Rent |
| Credit score | 675 |
| DTI | 23.51% |
| Bureau inquiries, 6 months | 5 |
| Months since last inquiry | – |
| Accounts opened 24m | – |
| Open accounts | 7 |
| Earliest credit line | 2000-01-01 |
| Revolving utilisation | 85.60% |
| Public records | 0 |
| Delinquencies, 2 years | 0 |