Method and system for debt management

• US 20070156552A1
• Filed: 10/10/2006
• Published: 07/05/2007
• Est. Priority Date: 10/11/2005
• Status: Abandoned Application

• Current Assignee: Anthony Manganiello
• Original Assignee: Anthony Manganiello
• Inventors: Manganiello, Anthony
• Application Number:
  US11/545,171
• Publication Number:
  US 20070156552A1
• 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

Abstract

A system and method for debt management is provided, comprising logic for receiving financial information, wherein the financial information comprises debt information. The system further comprises logic for generating a debt impact analysis based on the financial information, and logic for generating a first debt management proposal by analyzing a first impact of the first proposal on the financial information. The system further comprises logic for generating a second debt management proposal by analyzing a second impact of the second proposal on the financial information, and logic for comparing the first and second debt management proposals. The system further comprises logic for generating a user interface comprising one of the first and second debt management proposals, based on the comparison of the first and second proposals.

Claims

1. An executable system for managing debt and residing in a memory, the system comprising:

logic for receiving financial information, the financial information comprising at least debt information;

logic for generating a debt impact analysis based on the received financial information;

logic for generating a first debt management proposal by analyzing a first debt management solution impact on the received financial information;

logic for generating a second debt management proposal by analyzing a second debt management solution impact on the received financial information;

logic for comparing the first and second debt management proposals; and

,

logic for generating a user interface comprising one of the first and second debt management proposals based on the comparison of the first and second debt management proposals.

2. The system of claim 1, wherein the debt impact analysis includes a base accelerator margin potential value.

3. The system of claim 2, wherein at least one of the first and second debt management proposals is based on the base accelerator margin potential value.

4. The system of claim 1, wherein the financial information comprises at least one of income information, housing information, living expense information, insurance information, liquid asset information, retirement asset information and hardship information.

5. The system of claim 1, further comprising logic for receiving applicant information.

6. The system of claim 1, wherein the debt information includes at least one of negotiable debt information and non-negotiable debt information.

7. The system of claim 1, wherein at least one of the first and second debt management proposal includes at least one of a consumer software product, an automated debt payment system, a lending product for restructuring debt, a consumer credit counseling program, a debt settlement legal service and a bankruptcy service.

8. The system of claim 1, wherein the debt impact analysis includes at least one of a cash position statement, an amount of debt service payments applied to principal and interest, a timeline for settling an individual debt and a statement of potential impact of cash flow on a credit report.

9. A system for managing debt, the system residing in a memory and comprising:

a first code segment for receiving financial information, the financial information comprising at least debt information;

a second code segment for generating a debt impact analysis based on the received financial information;

a third code segment for generating a base accelerator margin potential value based on the received financial information; and

,

a fourth code segment for comparing the base accelerator margin potential value with an accelerator base margin value for a first debt management solution; and

,

a fifth code segment for recommending the first debt management solution if the base accelerator margin value is greater than the accelerator base margin value for the first debt management solution.

10. The system of claim 9 further comprising:

a sixth code segment for comparing the base accelerator margin potential value with an accelerator base margin value for a second debt management solution if the base accelerator margin value is less than the accelerator base margin value for the first debt management solution; and

a seventh code segment for recommending the second debt management solution if the base accelerator margin value is greater than the accelerator base margin value for the second debt management solution.

11. The system of claim 9, wherein the financial information comprises at least one of income information, housing information, living expense information, insurance information, liquid asset information, retirement asset information and hardship information.

12. The system of claim 9, further comprising:

a sixth code segment for receiving applicant information.

13. The system of claim 9, wherein the debt information includes at least one of negotiable debt information and non-negotiable debt information.

14. The system of claim 9, wherein the first debt management solution includes at least one of a consumer software product, an automated debt payment system, a lending product for restructuring debt, a consumer credit counseling program, a debt settlement legal service and a bankruptcy service.

15. The system of claim 9, wherein the debt impact analysis includes at least one of a cash position statement, an amount of debt service payments applied to principal and interest, a timeline for settling an individual debt and a statement of potential impact of cash flow on a credit report.

16. A method for recommending a debt management solution, the method comprising the steps of:

receiving financial information from a user via a computer-generated user interface, wherein the financial information comprises at least debt information;

generating a base accelerator margin value based on the received financial information;

analyzing a first debt management solution by comparing the base accelerator margin value with a first solution margin value corresponding to the first debt management solution;

analyzing a second debt management solution by comparing the base accelerator margin value with a second solution margin value corresponding to the second debt management solution; and

,

selecting a selected debt management solution from among the first and second debt management solutions based on the first and second solution margin values; and

,

generating a user interface comprising the selected debt management solution.

17. The method of claim 16, wherein the financial information comprises at least one of income information, housing information, living expense information, insurance information, liquid asset information, retirement asset information and hardship information.

18. The system of claim 16, wherein the debt information includes at least one of negotiable debt information and non-negotiable debt information.

19. The system of claim 16, the first debt management solution includes at least one of a consumer software product, an automated debt payment system, a lending product for restructuring debt, a consumer credit counseling program, a debt settlement legal service and a bankruptcy service.

20. The method of claim 16, further comprising the step of:

generating a debt impact analysis, wherein the debt impact analysis includes at least one of a cash position statement, an amount of debt service payments applied to principal and interest, a timeline for settling an individual debt and a statement of potential impact of cash flow on a credit report.