On-line method and system for monitoring and reporting unused available credit
US8060424B2 · kind B2 · utility
Assignee
Inventor
Key dates
| Filing date | Nov 5, 2008 |
| Grant date | Nov 15, 2011 |
| Priority date | — |
| Expiry date | Apr 14, 2030 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/06
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
The present invention generally relates to monitoring and advising consumers of their outstanding credit balance by category of debt (i.e. including, but not limited to, the category of all credit cards, all real estate loans, all automotive loans, all revolving credit loans, etc.) and all minimum payments due by category of debt, and more particularly to an on-line method and system for monitoring and reporting total credit used by category of debt, total minimum payments due by category of debt and total unused available credit by category of debt, and alerting the consumer on a periodic basis via email. Since the credit report is the basis of most credit scores this invention is meant to provide the consumer with debt categories that are used in calculating their credit score, which is critical to future borrowing especially when the borrowing is approved or disapproved based only on the user's credit score.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.