Algorithm for explaining credit scores
US7280980B1 · kind B1 · utility
140Cited by
34References
13Claims
0Family size
Assignee
Inventors
Key dates
| Filing date | Jul 30, 2001 |
| Grant date | Oct 9, 2007 |
| Priority date | — |
| Expiry date | May 14, 2025 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/03
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
An exemplary Web-based score explanation service typically requires only the credit bureau identifier, credit score, and up to four reason codes as input. The invention herein discloses an algorithm that is used to provide an explanation of the primary factors influencing the score, where a rich data feed is provided to the facility implementing the algorithm.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.