Loan 55987171
- Score
- 35
- Originated
- 2015-08
- Balance
- $15,800
- Status
- Charged off
Review score
| Reason | Strength | Category | Points | Review reason |
|---|---|---|---|---|
| Recoveries above the amount funded | Strong | Integrity | 15 | Recoveries above the amount funded: 16,112.66 recovered against 15,800.00 funded. |
| Stopped paying within three months | Medium | Fraud pattern | 15 | Stopped paying within three months: charged off; last payment 2015-09, 1 month after origination. |
| Round unverified income, early default | Weak | Fraud pattern | 5 | Round unverified income, early default: stated income 120,000, 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 A loans | 148,129 | 5.5% | 17.2% | 0.5% | 2.0% |
| 60-month loans | 266,271 | 25.0% | 17.2% | 2.5% | 2.0% |
| Credit score 750+ | 60,798 | 7.3% | 17.2% | 1.1% | 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 | 55987171 |
|---|---|
| Origination date | 2015-08-01 |
| Original balance | $15,800 |
| Funded balance | $15,800 |
| Interest rate | 7.89% |
| Term | 60 months |
| Instalment | $319.54 |
| Grade | A |
| Sub-grade | A5 |
| Purpose | Major purchase |
| Status | Charged off |
|---|---|
| Status label | Charged Off |
| Current balance | $0 |
| Principal paid | $215.66 |
| Interest paid | $96.95 |
| Total paid | $16,425.27 |
| Recoveries | $16,112.66 |
| Fees paid | $0 |
| Last payment date | 2015-09-01 |
| Last payment amount | $319.54 |
| Modification flag | – |
| Latest credit score | 795 |
| Employer | hashed |
|---|---|
| Postcode | hashed |
| Region | IL |
| Annual income | $120,000 |
| Income verified | Not verified |
| Employment length years | 8 |
| Home ownership | Mortgage |
| Credit score | 800 |
| DTI | 21.92% |
| Bureau inquiries, 6 months | 0 |
| Months since last inquiry | 7 |
| Accounts opened 24m | 5 |
| Open accounts | 15 |
| Earliest credit line | 1997-05-01 |
| Revolving utilisation | 8.40% |
| Public records | 0 |
| Delinquencies, 2 years | 0 |