Systems and methods for detecting bust out fraud using credit data

US7991689B1 · kind B1 · utility

Assignee

• Experian Information Solutions, Inc. · US

Inventors

• Hakan Olof Brunzell · San Diego, US
• Arielle Renee Caron · Brooks Road, US
• Tak Wun Wong · Brooks Road, US

Key dates

• Filing date: Jul 23, 2008
• Grant date: Aug 2, 2011
• Expiry date: Jun 15, 2029

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/08
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Systems and methods are for, for example, predicting bust out fraud using credit bureau data. In one embodiment, credit bureau scoring models are created using credit bureau data to detect bust out fraud. The credit bureau scoring models may be then applied to consumer data to determine whether a consumer is involved in bust out fraud.