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Systems and methods for shared lending risk

  • US 10,424,011 B2
  • Filed: 01/31/2012
  • Issued: 09/24/2019
  • Est. Priority Date: 11/02/2011
  • Status: Active Grant
First Claim
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1. A method of providing a credit product comprising:

  • in a computer system;

    receiving a consumer indication of a purchase of a good or a service;

    generating, in a lead scoring and distribution engine, a triplet risk score for a transaction with the consumer for purchase of the good or the service, the triplet risk score representing analysis of a merchant risk for the transaction, a purchaser risk for the transaction including credit worthiness of the consumer, and a product risk for the transaction;

    providing the triplet risk score for the transaction through a communication link to a pool of lenders;

    selecting and providing, by a lender in the pool of lenders, one or more credit products for the transaction from the pool based on the triplet risk score for the transaction;

    displaying the one or more selected credit products to the consumer so that the consumer accepts the credit product from the one or more selected credit products; and

    completing the purchase of the good or the service by the consumer using the credit product accepted by the consumer.

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