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MACROECONOMIC-ADJUSTED CREDIT RISK SCORE SYSTEMS AND METHODS

  • US 20090125439A1
  • Filed: 11/08/2007
  • Published: 05/14/2009
  • Est. Priority Date: 11/08/2007
  • Status: Active Grant
First Claim
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1. A computer-implemented method for determining an individual'"'"'s adjusted credit risk score, said method comprising the steps of:

  • a) determining a macroeconomic risk score via one or more computing devices by the sub-steps;

    a1) obtaining a sample of consumer credit data over a period of time covering multiple economic conditions stored in memory;

    a2) determining individual performance for each consumer represented in said sample of consumer credit data over a window of time based on their credit data, wherein said individual performance is utilized as a dependent attribute;

    a3) obtaining one or more econometric factors data stored in said memory, wherein said one or more econometric factors data are utilized as one or more independent attributes; and

    a4) determining said macroeconomic risk score by utilizing said dependent attribute, said one or more independent attributes, and applying a statistical technique for modeling;

    b) obtaining an individual'"'"'s credit risk score stored in said memory;

    c) developing a model implemented by said one or more computing devices that will automatically compensate said individual'"'"'s credit risk score by utilizing said macroeconomic risk score; and

    d) outputting said individual'"'"'s adjusted credit risk score by utilizing said model.

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