SYSTEM TO SHARE CREDIT INFORMATION

• US 20110270925A1
• Filed: 04/28/2011
• Published: 11/03/2011
• Est. Priority Date: 04/28/2010
• Status: Abandoned Application

• Current Assignee: Magid Joseph Mina
• Original Assignee: Magid Joseph Mina
• Inventors: Mina, Magid Joseph
• Application Number:
  US13/096,252
• Publication Number:
  US 20110270925A1
• Time in Patent Office: Days
• US Class Current: 709/204
• CPC Class Codes: G06Q 40/03 Credit; Loans; Processing thereof

Abstract

Disclosed are methods, apparatuses, systems, and non-transitory computer-readable media associated with the use of a randomly generated reporting code unique to a party involved in a credit reporting exchange. In embodiments, once used, the reporting code may become unique to both parties (applicant and requestor) as well as the particular transaction between both parties. In embodiments, the reporting code or codes may be exchanged between the applicant and requestor, and once confirmed, credit information may be obtained by, or transmitted from, the requestor. In various embodiments, the reporting code may conceal the applicant'"'"'s Social Security Number or other unique identifier(s) during the application process. If the applicant is approved for a transaction by the requestor (e.g., credit is issued), the requestor may use a reporting code to report information about the approved applicant.

Claims

1. A computer-implemented method for facilitating sharing of credit information, the method comprising:

generating, by the computing device, a reporting code which is associated with a first party;

sending, by the computing device, the reporting code to the first party;

receiving, from a second party, by the computing device, the reporting code; and

sending, by the computing device, financial information associated with the first party to the second party.