METHOD AND SYSTEM FOR DEBT PROTECTION OR CANCELLATION
First Claim
Patent Images
1. A method for debt protection or cancellation, comprising:
- offering a borrower a debt protection or cancellation product associated with a loan;
collecting a periodic fee in response to the borrower accepting the debt protection or cancellation product; and
canceling the loan and waiving the periodic fee in response to a triggering event.
1 Assignment
0 Petitions
Accused Products
Abstract
A method for debt protection or cancellation may include providing an addendum for a debt protection or cancellation product for inclusion in a debt instrument. The method may also include serving the debt protection and cancellation product in response to a borrower purchasing the debt protection and cancellation product.
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Citations
37 Claims
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1. A method for debt protection or cancellation, comprising:
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offering a borrower a debt protection or cancellation product associated with a loan;
collecting a periodic fee in response to the borrower accepting the debt protection or cancellation product; and
canceling the loan and waiving the periodic fee in response to a triggering event. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13)
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14. A method for debt protection or cancellation, comprising:
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providing an addendum for a debt protection or cancellation product for inclusion in a debt instrument; and
servicing the debt protection or cancellation product in response to a borrower purchasing the debt protection or cancellation product. - View Dependent Claims (15, 16, 17, 18, 19, 20, 21, 22, 23)
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24. A system for debt protection or cancellation, comprising:
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a server; and
a debt protection or cancellation program operable on the server to provide a debt protection or cancellation product offerable in association with a loan. - View Dependent Claims (25, 26, 27, 28, 29, 30)
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31. A system for debt protection and cancellation, comprising:
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means for providing an addendum for a debt protection or cancellation product for inclusion in a debt instrument; and
means for servicing the debt protection or cancellation product in response to a borrower purchasing the debt protection or cancellation product. - View Dependent Claims (32, 33)
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34. A computer-readable medium having computer-executable instructions for performing a method, comprising:
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providing an addendum for a debt protection or cancellation product for inclusion in a debt instrument; and
servicing the debt protection or cancellation product in response to a borrower purchasing the debt protection or cancellation product. - View Dependent Claims (35, 36, 37)
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Specification