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SYSTEMS AND METHODS FOR MONITORING FINANCIAL ACTIVITIES OF CONSUMERS

  • US 20090089190A1
  • Filed: 09/26/2008
  • Published: 04/02/2009
  • Est. Priority Date: 09/27/2007
  • Status: Abandoned Application
First Claim
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1. A computer implemented method for generating an alert based on consumer financial data, the method comprising:

  • receiving from a financial service provider a request to monitor a consumer for financial improvements that are indicative of an increased likelihood that the consumer will pay an outstanding debt, the request comprising at least a name and address of a consumer for monitoring;

    accessing first financial data associated with the consumer, the first financial data comprising data for each of one or more financial accounts associated with the consumer at a first time;

    accessing second financial data associated with the consumer, the second financial data comprising data for each of one or more financial accounts associated with the consumer at a second time, wherein the second time is later than the first time;

    comparing the first and second financial data to determine whether a predetermined difference exists between the first financial data and the second financial data, the predetermined difference representing an improvement in one or more of the financial accounts between the first time and the second time such that the consumer appears to be in a better position to make payments towards the outstanding debt; and

    generating an alert for transmission to the financial service provider.

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