Credit/financing process
First Claim
1. A method for a borrower to obtain and/or evaluate desired financial services, comprising:
- obtaining and recording financing evaluation information based on pre-established and objective criteria used by at least one established financial institution that provides financing of the type sought by the borrower; and
determining a credit grading for the borrower based on the financing evaluation information, the credit grading being determined by a third party that will not provide the financing to the borrower.
1 Assignment
0 Petitions
Accused Products
Abstract
A method for a borrower to obtain and/or evaluate desired financial services is disclosed. Personal information from the borrower is obtained and recorded. The personal information includes reasons that the borrower wants to obtain the financing. Financing evaluation information based on pre-established and objective criteria used by at least one established financial institution that provides financing of the type sought by the borrower is obtained and recorded. A credit grading for the borrower is determined based on the personal information, and the financing evaluation information. The credit grading is determined by an independent entity that will not provide the financing to the borrower. The financing may be a loan, such as a mortgage loan or an auto loan or the financing may be the issuance of a credit card or a line of credit.
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Citations
37 Claims
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1. A method for a borrower to obtain and/or evaluate desired financial services, comprising:
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obtaining and recording financing evaluation information based on pre-established and objective criteria used by at least one established financial institution that provides financing of the type sought by the borrower; and
determining a credit grading for the borrower based on the financing evaluation information, the credit grading being determined by a third party that will not provide the financing to the borrower. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 23)
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14. A method for a borrower to obtain and/or evaluate a desired loan, comprising:
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obtaining and recording loan evaluation information based on pre-established and objective criteria used by at least one established lender that may provide the loan to the borrower; and
determining a credit grading for the borrower based on the loan evaluation information, the credit grading being determined by a third party that will not provide the loan to the borrower. - View Dependent Claims (15, 16, 17, 18, 19, 20, 21, 22)
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24. A method for a borrower to obtain and/or evaluate credit cards, comprising:
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obtaining and recording credit evaluation information based on pre-established and objective criteria used by at least one established financial institution that issues credit cards to applicants; and
determining a credit grading for the applicant based on the credit evaluation information, the credit grading being performed by a third party that is not issuing the credit card to the applicant. - View Dependent Claims (25, 26, 27, 28, 29)
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30. A method for a person to obtain and/or evaluate desired financial services, comprising:
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providing financial information to a third party who records that information and compares at least a portion of that information with financial qualification criteria used by at least one financial provider of the services and then generates financial evaluation information that rates how well the criteria is met;
incurring a legal obligation to pay the third party for the evaluation; and
providing the financial evaluation information to the person. - View Dependent Claims (31, 32, 33, 34, 35, 36, 37)
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Specification