Systems and methods of credit information reporting
First Claim
1. A method comprising:
- receiving, using a computing system with a hardware computer processor, one or more custom settings of an individual indicating conditions of credit balance migrations to trigger alerts to the individual;
continuously monitoring, using the computing system, credit information of the individual from a credit bureau to determine whether the conditions are met, the credit information indicating a plurality of credit lines associated with the individual;
in response to determining during monitoring that at least one condition of the conditions in the one or more custom settings is met, automatically;
identifying, using the computing system, credit lines of the plurality of credit lines that are associated with respective debt categories of a plurality of debt categories;
determining, using the computing system, amounts of unused available credit for individual debt categories; and
transmitting a notification including the determined amounts of unused available credit for the individual debt categories.
2 Assignments
0 Petitions
Accused Products
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.
-
Citations
20 Claims
-
1. A method comprising:
-
receiving, using a computing system with a hardware computer processor, one or more custom settings of an individual indicating conditions of credit balance migrations to trigger alerts to the individual; continuously monitoring, using the computing system, credit information of the individual from a credit bureau to determine whether the conditions are met, the credit information indicating a plurality of credit lines associated with the individual; in response to determining during monitoring that at least one condition of the conditions in the one or more custom settings is met, automatically; identifying, using the computing system, credit lines of the plurality of credit lines that are associated with respective debt categories of a plurality of debt categories; determining, using the computing system, amounts of unused available credit for individual debt categories; and transmitting a notification including the determined amounts of unused available credit for the individual debt categories. - View Dependent Claims (2, 3, 4, 5, 6, 7)
-
-
8. A computer system, the computer system comprising:
-
one or more computer processors; and a non-transitory storage device storing a plurality of executable instructions that, when executed, cause the one or more computer processors to; receive one or more custom settings of an individual indicating conditions of credit balance migrations to trigger alerts to the individual; continuously monitor credit information of the individual from a credit bureau to determine whether the conditions are met, the credit information indicating a plurality of credit lines associated with the individual; in response to one or more of the conditions being met, automatically; associate respective credit lines of the plurality of credit lines with respective debt categories of a plurality of debt categories; determine amounts of unused available credit for individual debt categories; and transmit a notification including the determined amounts of unused available credit for the individual debt categories. - View Dependent Claims (9, 10, 11, 12, 13, 14, 15, 16)
-
-
17. A non-transitory computer storage medium storing computer-executable instructions that, when executed by a processor, cause the processor to perform operations comprising:
-
receiving, using a computing system comprising the processor, one or more custom settings of an individual indicating conditions of credit balance migrations to trigger alerts to the individual; continuously monitoring, using the computing system, credit information of the individual from a credit bureau to determine whether the conditions are met, the credit information indicating a plurality of credit lines associated with the individual; in response to one or more of the conditions being met, automatically; identifying, using the computing system, credit lines associated with respective debt categories of a plurality of debt categories; determining, using the computing system, amounts of unused available credit for individual debt categories; and transmitting a notification including the determined amounts of unused available credit for the individual debt categories. - View Dependent Claims (18, 19, 20)
-
Specification