Loan 632031
- Score
- 40
- Originated
- 2010-12
- 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 2011-02, 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”. |
| Round unverified income, early default | Weak | Fraud pattern | 5 | Round unverified income, early default: stated income 70,000, a multiple of 5,000, not verified. |
| Recent bureau inquiries | Weak | Fraud pattern | 5 | Recent bureau inquiries: 6 bureau inquiries in the six months before 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 B loans | 254,455 | 11.4% | 17.2% | 1.1% | 2.0% |
| 36-month loans | 620,566 | 13.9% | 17.2% | 1.8% | 2.0% |
| Credit score 700–719 | 164,410 | 14.6% | 17.2% | 1.6% | 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 | 632031 |
|---|---|
| Origination date | 2010-12-01 |
| Original balance | $2,000 |
| Funded balance | $2,000 |
| Interest rate | 10.36% |
| Term | 36 months |
| Instalment | $64.88 |
| Grade | B |
| Sub-grade | B5 |
| Purpose | Vacation |
| Status | Charged off |
|---|---|
| Status label | Does not meet the credit policy. Status:Charged Off |
| Current balance | $0 |
| Principal paid | $47.57 |
| Interest paid | $17.25 |
| Total paid | $582.44 |
| Recoveries | $517.62 |
| Fees paid | $0 |
| Last payment date | 2011-02-01 |
| Last payment amount | $64.88 |
| Modification flag | – |
| Latest credit score | 575 |
| Employer | – |
|---|---|
| Postcode | hashed |
| Region | WA |
| Annual income | $70,000 |
| Income verified | Not verified |
| Employment length years | – |
| Home ownership | Mortgage |
| Credit score | 710 |
| DTI | 18.24% |
| Bureau inquiries, 6 months | 6 |
| Months since last inquiry | – |
| Accounts opened 24m | – |
| Open accounts | 16 |
| Earliest credit line | 1993-10-01 |
| Revolving utilisation | 17.00% |
| Public records | 0 |
| Delinquencies, 2 years | 1 |