SYSTEM AND METHOD FOR MANAGING CONSUMER INFORMATION

• US 20110166988A1
• Filed: 02/25/2011
• Published: 07/07/2011
• Est. Priority Date: 12/16/2004
• Status: Abandoned Application

• Current Assignee: Pathwaydata, Inc.
• Original Assignee: Pathwaydata, Inc.
• Inventors: Coulter, David B.
• Application Number:
  US13/035,142
• Publication Number:
  US 20110166988A1
• Time in Patent Office: Days
• US Class Current: 705/38
• 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
• CPC Class Codes: G06Q 40/03 Credit; Loans; Processing thereof

Abstract

Method and system for management of consumer credit report data is provided. The method includes, offering a service to a user; requesting an action for the service; providing a service action guide; and initiating an action of credit correction and/or debt relief and/or identity protection. The system includes, a central processing unit using a system provider for offering a service to a user; a user interface for requesting an action for the service and providing a service action guide; and a processing module to process requesting an action for the service between the user interface and a communication module.

Claims

1-44. -44. (canceled)

45. A computer implemented method regarding a user'"'"'s credit, comprising:

(a) obtaining a copy of a user'"'"'s credit report from a credit bureau such that a request for the copy is accounted as a single request in the user'"'"'s credit report;

wherein a system provider obtains the copy of the credit report and the system provider operationally interfaces with (i) the credit bureau, (ii) the user and (iii) a plurality of creditor grantors that seek to provide credit to the user;

(b) displaying the copy of the credit report to one of the plurality of credit grantors authorized by the user to view credit information for a certain duration, after which permission to view the credit information is revoked;

(c) recording portions of the credit report that are viewed by the authorized credit grantor;

(d) notifying the user when the authorized credit grantor has reviewed the credit information;

(e) executing steps (b) to (d) for another authorized credit grantor from among the plurality of credit grantors;

wherein the system provider displays the credit report to the authorized plurality of credit grantors, using only the single request for the credit report.

46. The method of claim 45, wherein the system provider is executed by a computing system that is accessible to the user, the plurality of credit grantors and the credit bureau.

47. The method of claim 45, wherein the credit report is a consolidated credit report obtained from more than one credit bureau.

48. The method of claim 45, wherein credit information in step (b) of claim 45 is viewed via a secured website.

49. The method of claim 45, wherein the authorized credit grantor in step (b) of claim 45, is notified of credit information privileges with an automatic expiration of the viewing privileges after the certain duration.

50. A computer implemented method regarding a user'"'"'s credit, comprising:

(a) segregating a plurality of data items from credit data for the user into a plurality of categories;

wherein each category includes an amount the user is obligated to pay;

(b) displaying the plurality of categories to the user, via a single user interface on a display device;

wherein a loan amount, a duration of a loan, a present interest rate, a future interest rate and a monthly saving amount is displayed and associated with each of the plurality of categories;

(c) permitting the user to change a current user credit score to a future credit score and then estimating a future interest rate for each of the plurality of categories based on the future credit score;

(d) displaying the future interest rate associated with each of the plurality of categories based on the future credit score; and

(e) displaying the saving amount associated with each of the plurality of categories based on the future credit score.

51. The method of claim 50, wherein the plurality of categories includes one or more of mortgage loans, automobile loans, credit card loans, personal loans, rent, student loans and medical debt.

52. The method of claim 50, wherein a system provider that operationally interfaces with (i) the credit bureau, (ii) the user and (iii) a plurality of creditor grantors that seek to provide credit to the user obtains the credit data from one or more credit bureaus.