Systems and methods for detecting bust out fraud using credit data

US8001042B1 · 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
• Anthony Sumner · Recklinghausen, DE

Key dates

• Filing date: Oct 13, 2010
• Grant date: Aug 16, 2011
• Expiry date: Oct 13, 2030

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.