CREDIT ENHANCEMENT SYSTEMS AND METHODS

• US 20070233591A1
• Filed: 06/05/2007
• Published: 10/04/2007
• Est. Priority Date: 02/06/2003
• Status: Abandoned Application

• Current Assignee: First Data Corporation (Fiserv Incorporated)
• Original Assignee: First Data Corporation (Fiserv Incorporated)
• Inventors: Newton, Robert, Hughes, Martin, Hodel, Terrance
• Application Number:
  US11/758,602
• Publication Number:
  US 20070233591A1
• Time in Patent Office: Days
• US Class Current: 705/36.R
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• 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 40/06 Asset management; Financial planning or analysis

Abstract

The present invention provides methods and systems for presenting financial and credit information to a customer. In one embodiment, the method includes receiving a credit worthiness report (CWR) for the customer, and providing the CWR to the customer. The method includes providing a list of selectable options to the customer, the options directed to at least one financial activity. A selected option is received from the customer, and a revised CWR is provided to the customer in response to the selected option. In this manner, the customer can examine how particular options or activities effect their credit worthiness.

Claims

1-15. -15. (canceled)

16. A method of presenting financial information to a customer, the method comprising:

displaying a loan value of a loan, the loan based on an asset having an asset value;

displaying the asset value;

calculating a ratio of the loan value to asset value; and

informing the customer when the ratio is at a desired amount.

17. The method as in claim 16 wherein the loan comprises a mortgage, and the loan value comprises a principal portion of the mortgage.

18. The method as in claim 16 wherein the loan comprises a mortgage, and the loan value comprises a buyout payment for the mortgage.

19. The method as in claim 16 wherein the asset comprises a residential property.

20. The method as in claim 16 wherein the asset comprises a commercial property.

21. The method as in claim 16 wherein the asset comprises a personal property.

22. The method as in claim 16 further comprising retrieving the asset value from a data base, the asset value comprising a real estate appraisal of the asset.

23. The method as in claim 22 wherein the real estate appraisal comprises an appraisal for real estate tax purposes.

24. The method as in claim 16 further comprising:

accessing a realtor database;

retrieving a similar asset value for a similar asset; and

displaying the similar asset value as the asset value.

25. The method as in claim 24 wherein the asset comprises a residential property and the similar asset comprises a similar residential property.

26. The method as in claim 16 further comprising:

displaying a list of selectable options, the options directed to a reduction of the loan value;

receiving a selected option from the list of selectable options; and

calculating the loan value based on the selected option.

27. The method as in claim 26 wherein the list of options comprises an additional principal payment option.

28. The method as in claim 26 wherein informing the customer further comprises informing the customer of an estimated date when the ratio would be at a desired amount.

29. A system for presenting financial information to a customer, the system comprising:

a processor; and

a storage medium coupled to the processor, the storage medium having a computer-readable program embodied therein, the program including code adapted to;

display a loan value of a loan, the loan based on an asset having an asset value;

display the asset value;

calculate a ratio of the loan value to asset value; and

inform the customer when the ratio is at a desired amount.

30. The system as in claim 29 wherein the program further includes code adapted to:

display a list of selectable options, the options directed to a reduction of the loan value;

receive a selected option from the list of selectable options; and

calculate the loan value based on the selected option.

31. The system as in claim 29, wherein the program further includes code adapted to:

access a realtor database;

retrieve a similar asset value for at least one similar asset; and

display the similar asset value as the asset value.