Loan 5844610
- Score
- 40
- Originated
- 2013-07
- Balance
- $2,000
- 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 2013-10, 3 months after origination. |
| Bust-out pattern at origination | Medium | Fraud pattern | 15 | Bust-out pattern at origination: revolving utilisation 92.3%, 2 bureau inquiries in six months and 7 accounts opened in 24 months. |
| Round unverified income, early default | Weak | Fraud pattern | 5 | Round unverified income, early default: stated income 60,000, a multiple of 5,000, not verified. |
| Recent bureau inquiries | Weak | Fraud pattern | 5 | Recent bureau inquiries: 2 bureau inquiries in six months, the latest in the month of origination. |
| Score | 40 |
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 E loans | 70,607 | 32.4% | 17.2% | 4.3% | 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 | 5844610 |
|---|---|
| Origination date | 2013-07-01 |
| Original balance | $2,000 |
| Funded balance | $2,000 |
| Interest rate | 21.98% |
| Term | 36 months |
| Instalment | $76.37 |
| Grade | E |
| Sub-grade | E4 |
| Purpose | Other |
| Status | Charged off |
|---|---|
| Status label | Charged Off |
| Current balance | $0 |
| Principal paid | $121.03 |
| Interest paid | $107.36 |
| Total paid | $498.99 |
| Recoveries | $270.60 |
| Fees paid | $0 |
| Last payment date | 2013-10-01 |
| Last payment amount | $76.37 |
| Modification flag | – |
| Latest credit score | 515 |
| Employer | hashed |
|---|---|
| Postcode | hashed |
| Region | VA |
| Annual income | $60,000 |
| Income verified | Not verified |
| Employment length years | 10 |
| Home ownership | Own |
| Credit score | 690 |
| DTI | 25.22% |
| Bureau inquiries, 6 months | 2 |
| Months since last inquiry | 0 |
| Accounts opened 24m | 7 |
| Open accounts | 11 |
| Earliest credit line | 1999-12-01 |
| Revolving utilisation | 92.30% |
| Public records | 0 |
| Delinquencies, 2 years | 0 |