Loan 68483376
- Score
- 35
- Originated
- 2015-12
- Balance
- $16,000
- Status
- Late
Review score
| Reason | Strength | Category | Points | Review reason |
|---|---|---|---|---|
| Credit score fallen since origination | Medium | Fraud pattern | 15 | Credit score fallen since origination: late with credit score 530 against 680 at origination, 150 points lower; 8,466.78 outstanding. |
| Bust-out pattern at origination | Medium | Fraud pattern | 15 | Bust-out pattern at origination: revolving utilisation 101.6%, 2 bureau inquiries in six months and 9 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; Recent bureau inquiries; Credit score fallen since origination.
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% |
| 60-month loans | 266,271 | 25.0% | 17.2% | 2.5% | 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 | 68483376 |
|---|---|
| Origination date | 2015-12-01 |
| Original balance | $16,000 |
| Funded balance | $16,000 |
| Interest rate | 18.49% |
| Term | 60 months |
| Instalment | $410.58 |
| Grade | D |
| Sub-grade | D5 |
| Purpose | Debt consolidation |
| Status | Late |
|---|---|
| Status label | Late (31-120 days) |
| Current balance | $8,466.78 |
| Principal paid | $7,533.22 |
| Interest paid | $6,789.50 |
| Total paid | $14,322.72 |
| Recoveries | $0 |
| Fees paid | $0 |
| Last payment date | 2018-11-01 |
| Last payment amount | $410.58 |
| Modification flag | – |
| Latest credit score | 530 |
| Employer | hashed |
|---|---|
| Postcode | hashed |
| Region | MO |
| Annual income | $120,000 |
| Income verified | Verified |
| Employment length years | 4 |
| Home ownership | Rent |
| Credit score | 680 |
| DTI | 37.22% |
| Bureau inquiries, 6 months | 2 |
| Months since last inquiry | 0 |
| Accounts opened 24m | 9 |
| Open accounts | 6 |
| Earliest credit line | 2004-11-01 |
| Revolving utilisation | 101.60% |
| Public records | 0 |
| Delinquencies, 2 years | 0 |