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Debt collecting and financing method

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

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