Systems and methods for providing credit coaching
US10504385B1 · kind B1 · utility
Assignee
Inventors
Key dates
| Filing date | Jun 23, 2016 |
| Grant date | Dec 10, 2019 |
| Priority date | — |
| Expiry date | Feb 11, 2037 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG09B5/125
- WIPO fieldControl
- WIPO sectorInstruments
Abstract
A computer-implemented method of providing educational messages to a consumer includes issuing a line of credit to the consumer. The method may include presenting a credit education course to the consumer; activating the line of credit; and/or processing a transaction payable on the line of credit. The method further includes generating a credit message based upon transaction data for the transaction, and/or presenting the credit message to the consumer, such as via their mobile device. As a result, credit coaching or education may be provided to, for example, teach consumers how credit works, protect them from common mistakes, and/or build confidence in handling credit. The credit messages may include information related to transaction values, credit limits, percent utilization, billing dates, interest rates, and/or other banking information associated with the consumer. Upgraded financial and insurance products may be offered or provided to the consumer over time based upon good financial behavior.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.