Loan 58400682
- Score
- 35
- Originated
- 2015-09
- Balance
- $12,000
- 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 2015-11, 2 months after origination. |
| Bust-out pattern at origination | Medium | Fraud pattern | 15 | Bust-out pattern at origination: revolving utilisation 91.3%, 2 bureau inquiries in six months and 6 accounts opened in 24 months. |
| Recent bureau inquiries | Weak | Fraud pattern | 5 | Recent bureau inquiries: 2 bureau inquiries in six months, the latest in the month of 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; 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 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 680–699 | 246,005 | 18.4% | 17.2% | 2.2% | 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 | 58400682 |
|---|---|
| Origination date | 2015-09-01 |
| Original balance | $12,000 |
| Funded balance | $12,000 |
| Interest rate | 17.57% |
| Term | 36 months |
| Instalment | $431.25 |
| Grade | D |
| Sub-grade | D4 |
| Purpose | Credit card |
| Status | Charged off |
|---|---|
| Status label | Charged Off |
| Current balance | $0 |
| Principal paid | $514.84 |
| Interest paid | $335.95 |
| Total paid | $8,876.79 |
| Recoveries | $8,026 |
| Fees paid | $0 |
| Last payment date | 2015-11-01 |
| Last payment amount | $431.25 |
| Modification flag | Settlement |
| Latest credit score | 640 |
| Employer | hashed |
|---|---|
| Postcode | hashed |
| Region | WA |
| Annual income | $76,000 |
| Income verified | Source verified |
| Employment length years | 1 |
| Home ownership | Mortgage |
| Credit score | 695 |
| DTI | 31.01% |
| Bureau inquiries, 6 months | 2 |
| Months since last inquiry | 0 |
| Accounts opened 24m | 6 |
| Open accounts | 13 |
| Earliest credit line | 1991-01-01 |
| Revolving utilisation | 91.30% |
| Public records | 0 |
| Delinquencies, 2 years | 0 |