Online purchasing system supporting lenders with affordability screening
First Claim
1. A system comprising:
- a non-transitory memory; and
one or more hardware processors coupled to the non-transitory memory and configured to read instructions from the non-transitory memory to cause the system to perform operations comprising;
receiving information on a plurality of products available for sale;
in response to receiving the information on the plurality of products available for sale;
determining that financing for a first set of products of the plurality of products is available to a user based on financial information of the user and one or more product types associated with the first set of products, anddetermining that financing for a second set of products of the plurality of products is not available to the user based on the financial information of the user and one or more product types associated with the second set of products; and
in response to determining that financing for the first set of products is available and financing for the second set of products is not available;
causing a user interface to be rendered that includes a display of the first set of products in association with a first predetermined visual characteristic, and a display of the second set of products in association with a second predetermined visual characteristic different from the first predetermined visual characteristic.
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Accused Products
Abstract
An online system uses, in various embodiments of the invention, credit report information, loan affordability screening and credit approval and management functionality to facilitate the purchase and finance of products online. The online system may include both sellers of products and lenders that offer financing to buyers seeking to purchase the products. The system may automatically obtain a buyer'"'"'s credit report information and use that information to determine if the buyer is pre-approved, for example, to obtain financing for a particular product or products. The system also enables use of buyer credit information to identify only those of a seller'"'"'s products for which the buyer is pre-approved, for example, to finance using one or more loans. The system then enables selection of an identified product or products for purchase, and selection of a loan, for example, for financing of the selected product or products. Credit approval (or pre-approval) may be performed automatically, and along with credit processing, may be performed completely online.
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Citations
20 Claims
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1. A system comprising:
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a non-transitory memory; and one or more hardware processors coupled to the non-transitory memory and configured to read instructions from the non-transitory memory to cause the system to perform operations comprising; receiving information on a plurality of products available for sale; in response to receiving the information on the plurality of products available for sale; determining that financing for a first set of products of the plurality of products is available to a user based on financial information of the user and one or more product types associated with the first set of products, and determining that financing for a second set of products of the plurality of products is not available to the user based on the financial information of the user and one or more product types associated with the second set of products; and in response to determining that financing for the first set of products is available and financing for the second set of products is not available; causing a user interface to be rendered that includes a display of the first set of products in association with a first predetermined visual characteristic, and a display of the second set of products in association with a second predetermined visual characteristic different from the first predetermined visual characteristic. - View Dependent Claims (2, 3, 4, 5, 6, 7)
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8. A method comprising:
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receiving information on a plurality of products available for sale; in response to receiving the information on the plurality of products available for sale; determining that financing for a first set of products of the plurality of products is available to a user based on analyzing financial information associated with the user and based on accessing a database to identify one or more product types of a plurality of product types associated with the first set of products, and determining that financing for a second set of products of the plurality of products is not available to the user based on analyzing the financial information associated with the user and based on accessing a database to identify one or more product types of a plurality of product types associated with the second set of products; and in response to determining that financing for the first set of products is available and financing for the second set of products is not available; causing a user interface to be rendered that includes a display of the first set of products, and does not include a display of the second set of products. - View Dependent Claims (9, 10, 11, 12, 13, 14)
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15. A non-transitory machine-readable medium having stored thereon machine-readable instructions executable to cause a machine to perform operations comprising:
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receiving information on a plurality of products available for sale; in response to receiving the information on the plurality of products available for sale; determining that financing for a first set of products of the plurality of products is available to a user based on at least one predefined rule with respect to a seller associated with the first set of products and one or more product types associated with the first set of products, and determining that financing for a second set of products of the plurality of products is not available to the user based on at least one predefined rule with respect to a seller associated with the second set of products and one or more product types associated with the second set of products; and in response to the determining that financing for the first set of products is available and financing for the second set of products is not available; causing a user interface to be rendered that includes a display of the first set of products in association with a first predetermined visual characteristic, and a display of the second set of products in association with a second predetermined visual characteristic different from the first predetermined visual characteristic. - View Dependent Claims (16, 17, 18, 19, 20)
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Specification