Running exerciser structure
First Claim
1. A method for managing debt recovery activity between at least one credit grantor and at least one collection agency, provided with a credit grantor-operated interface having at least an input device and a display device, a server having at least a processor and a data storage device, and a network for connecting said credit grantor-operated interface to said server, comprising the steps of:
- establishing a network connection between said credit grantor-operated interface and said server;
transmitting account information data from said credit grantor-operated interface to said server;
transmitting said account information data from said server to a collection agency;
receiving collected funds from said collection agency; and
transferring said collected funds to said credit grantor.
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Accused Products
Abstract
The present invention is an improved system for providing a single source system for efficiently managing the collection, tracking, reporting, and fund remittance functions of debt recovery activity between credit grantors and collection agencies. The system is provided with a central server that is networked with various credit grantor and collection agency-operated interfaces to provide improved efficiency and monitoring of the collection process. The server is programmed to format and “scrub” incoming accounts from credit grantors prior to “scoring” the same on proprietary scoring models. This allows the server to select the most appropriate collection agency for each particular account. Once the agency works the file and collects funds from the debtor, the funds are routed through the system to the credit grantor. Throughout the collection process credit grantors and collection agencies are able to monitor, audit, and update the status of each account.
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Citations
30 Claims
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1. A method for managing debt recovery activity between at least one credit grantor and at least one collection agency, provided with a credit grantor-operated interface having at least an input device and a display device, a server having at least a processor and a data storage device, and a network for connecting said credit grantor-operated interface to said server, comprising the steps of:
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establishing a network connection between said credit grantor-operated interface and said server;
transmitting account information data from said credit grantor-operated interface to said server;
transmitting said account information data from said server to a collection agency;
receiving collected funds from said collection agency; and
transferring said collected funds to said credit grantor. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15)
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16. A system for, managing the debt recovery activity between at least one credit grantor and at least one collection agency comprising:
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at least one credit grantor-operated interface having at least an input device and a display device;
a server having at least a processor and a data storage device; and
a network for connecting said credit grantor-operated interface to said server;
said server processor being programmed to;
a) receive account information data from said credit grantor-operated interface; and
b) transmit said account information data from said server to a collection agency. - View Dependent Claims (17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30)
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Specification