TOTAL STRUCTURAL RISK MODEL
First Claim
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1. A method for determining a comprehensive consumer default risk value for a consumer, wherein said consumer default risk value is derived by a risk analysis computer, said method comprising:
- obtaining consumer credit data relating to said consumer, at a risk analysis computer wherein said risk analysis computer comprises a processor, a memory, and a data store;
modeling, using said risk analysis computer, consumer spending patterns of said consumer using said consumer credit data to obtain an estimated spend capacity of said consumer; and
calculating, using said risk analysis computer, said comprehensive consumer default risk value for said consumer based upon said consumer credit data and said estimated spend capacity, wherein said comprehensive consumer default risk value represents a risk associated with said consumer defaulting on an existing debt obligation.
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Abstract
The present invention generally relates to financial data processing, and in particular it relates to credit scoring, consumer profiling, consumer behavior analysis and modeling. More specifically, it relates to risk modeling using the inputs of credit bureau data, size of wallet data, and, optionally, internal data.
155 Citations
21 Claims
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1. A method for determining a comprehensive consumer default risk value for a consumer, wherein said consumer default risk value is derived by a risk analysis computer, said method comprising:
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obtaining consumer credit data relating to said consumer, at a risk analysis computer wherein said risk analysis computer comprises a processor, a memory, and a data store; modeling, using said risk analysis computer, consumer spending patterns of said consumer using said consumer credit data to obtain an estimated spend capacity of said consumer; and calculating, using said risk analysis computer, said comprehensive consumer default risk value for said consumer based upon said consumer credit data and said estimated spend capacity, wherein said comprehensive consumer default risk value represents a risk associated with said consumer defaulting on an existing debt obligation. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 14, 15, 16, 17, 21)
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- 11. (canceled)
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18. A computer readable medium bearing instructions for determining a comprehensive consumer default risk value for a consumer, the instructions, when executed by a risk analysis computer, being arranged to cause one or more processors to perform the steps of:
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obtaining consumer credit data relating to said consumer; modeling consumer spending patterns of said consumer using said consumer credit data to obtain an estimated spend capacity of said consumer; and calculating said comprehensive consumer default risk value for said consumer based upon said consumer credit data and said estimated spend capacity, wherein said comprehensive consumer default risk value represents a risk associated with said consumer defaulting on an existing debt obligation. - View Dependent Claims (19, 20)
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Specification