Debt collecting and financing method

• US 20060184435A1
• Filed: 11/17/2003
• Published: 08/17/2006
• Est. Priority Date: 11/17/2003
• Status: Active Grant

• Current Assignee: Investar Holding BV
• Original Assignee: Collectbyweb Limited
• Inventors: Mostowfi, Sheyda
• Granted Patent: US 7,698,206 B2
• Time in Patent Office: Days
• US Class Current: 705/35
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03
• CPC Class Codes: G06Q 40/03 Credit; Loans; Processing thereof
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis

Abstract

The invention proposes an improvement for a method for collecting a debt. The method includes entering in a data processing system data at least including data concerning the debtor and the debt, permitting debt access to at least two parties to at least a part of the data entered in the system, and initiating an action for collecting the debt on a basis of the data entered in the database. The improvement comprises entering accounting data regarding accounts payable to the creditor and payments to the creditor into the system, enabling a financing party providing a loan to the creditor on the payable accounts to inspect at least a part of the accounting data for determining an amount of the loan based on at least the part of the accounting data.

Claims

1. In a method for collecting a debt of a debtor to a creditor, the method comprising

entering in a data processing system data at least comprising data concerning the debtor and the debt,

permitting for the debt access for at least two parties to at least a part of the data entered in the system, and

initiating an action for collecting the debt on a basis of the data entered in the database, an improvement consisting of:

a) entering accounting data regarding accounts payable to the creditor and payments to the creditor into the system; and

b) enabling a financing party providing a loan to the creditor on the payable accounts to inspect at least a part of the accounting data for determining an amount of the loan based on at least the part of the accounting data.

2. The method according to claim 1, wherein step b) comprises the step of

b1) determining a rating from the at least part of the accounting data, the rating for determining an amount of the loan based thereon.

3. The method according to claim 2, wherein the rating comprises one or more of a group comprising an average duration of outstandingness of the payable accounts, a peak duration of the outstandingness of the payable accounts, a total number or sum of payable accounts, a total number or sum of overdue payable accounts, a total or sum of overdue, incollectible payable accounts.

4. The method according to claim 1, wherein a status is assigned to each debt indicating a progress of the debt, a new status being assigned to the debt upon detection by the system of an action or response thereto, the new status preferably depending on a current status and a contents of the action.

5. The method according to claim 4, comprising the further step of determining a new action from the new status and/or the contents of the action.

6. The method according to claim 5, comprising the step of:

assigning a party responsible for the new action; and

transmitting information on the new status to the party responsible for the new action.

7. The method according to claim 4, comprising determining the new status based on a workflow.

8. The method according to claim 1, further comprising

assigning to each action or expected action a time limit and a party responsible for the action.

9. The method according to claim 8, comprising assigning a fine to the party responsible for the action, when the action is not completed upon expiry of the time limit.

10. The method according to claim 1, further comprising:

entering a criterion which, upon fulfillment thereof, initiates an action;

repetitively checking a debt for fullfillment of the criterion; and

initiating the action upon fullfillment of the criterion.

11. The method according to claim 10, wherein the criterion comprises a criterion for convicting a debtor by a court, the action comprising sending data concerning the debtor and the corresponding debt to the court.

12. The method according to claim 12, comprising receiving a verdict from the court and sending the verdict to the debtor.

13. A method for determining an amount of a loan to a banking customer, the loan being based on accounts payable to the banking customer, the method comprising

a) inspecting via a data processing system at least a part of accounting data regarding the payable accounts, the accounting data comprising data relating to all accounts payable to the banking customer and having been entered by the banking customer into the system;

and

b) determining an amount of the loan based on at least the part of the accounting data.

14. The method according to claim 13, wherein the system comprises a debt collecting system, the accounting data in the debt collecting system being further applied for initiating an action for collecting an amount of the payable account on a basis of the data entered in the database.