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Debt sales system and method

  • US 20070043660A1
  • Filed: 08/18/2006
  • Published: 02/22/2007
  • Est. Priority Date: 08/18/2005
  • Status: Abandoned Application
First Claim
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1. A method for transferring credit accounts over a network, comprising steps of:

  • receiving search criteria from a user;

    searching a credit account database for available credit accounts based on said search criteria;

    providing results of said searching to the user, said results including a summary of available credit accounts and a purchase price for each available credit account;

    receiving a selection of at least one of said available credit accounts from the user;

    calculating a total purchase price for the selected at least one of said available credit accounts;

    receiving a purchase request from the user corresponding to said selected at least one of said available credit accounts;

    providing an invoice to the user for said total purchase price;

    receiving a payment from the user in response to said invoice; and

    in response to the received payment, removing the selected credit accounts from the credit account database.

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