Credit Monitoring and Simulation Aggregation System

• US 20140279382A1
• Filed: 03/14/2013
• Published: 09/18/2014
• Est. Priority Date: 03/14/2013
• Status: Abandoned Application

• Current Assignee: FMR LLC
• Original Assignee: FMR LLC
• Inventors: Subramaniam, Raji, Drakeley, Erin E.
• Application Number:
  US13/828,397
• Publication Number:
  US 20140279382A1
• Time in Patent Office: Days
• US Class Current: 705/38
• CPC Class Codes: G06Q 20/108 Remote banking, e.g. home banking
• CPC Class Codes: G06Q 20/227 characterised in that multiple accounts are available, e.g. to the payer
• CPC Class Codes: G06Q 20/4037 Remote solvency checks
• CPC Class Codes: G06Q 40/03 Credit; Loans; Processing thereof

Abstract

A computer-implemented method comprising: determining, by a credit management system, credit information of a user, by: receiving, by the credit management system, account information of the user, with the account information specifying balance information indicative of account balances in one or more financial accounts of the user; and receiving, by the credit management system, debt information of the user, with the debt information specifying balance information indicative of outstanding debts in the one or more financial accounts of the user; and generating, based on the received balance and debt information, a personal credit management proprietary score for the user.

Claims

1. A computer-implemented method comprising:

receiving, by a credit management system, balance information indicative of account balances in one or more financial accounts of a user;

receiving, by the credit management system, debt information of the user, with the debt information specifying balance information indicative of outstanding debts in the one or more financial accounts of the user;

accessing by the credit management system a table of pre-defined personal credit management proprietary scores that are mapped to pre-defined score conditions, with the pre-defined score conditions based on values of account balances and credit bureau scores;

identifying that one of the score conditions in the table is satisfied by one or more of the balance information and the debt information in the one or more financial accounts of the user; and

selecting, from the table, a personal credit management proprietary score according to the identified one of the score conditions;

storing the selected personal credit management proprietary score with information corresponding to the user.

2. The computer-implemented method of claim 1, further comprising:

adjusting a value of the personal credit management proprietary score based on proprietary adjustment rules.

3. The computer-implemented method of claim 1, further comprising:

retrieving, by the credit management system from a plurality of credit bureau systems, credit bureau scores of the user;

generating, based on the personal credit management proprietary score and based on the retrieved credit bureau scores, a simulated credit score for the user; and

adjusting a value of the simulated credit score based on one or more of credit information of the user and account information of the user.

5. The computer-implemented method of claim 3, further comprising:

retrieving, by the credit management system from a plurality of credit bureau systems, credit bureau scores of the user; and

assigning weighted values to one or more of the personal credit management proprietary score and the retrieved credit bureau scores;

wherein generating the simulated credit score for the user comprises;

computing a weighted average of the personal credit management proprietary score and one or more of the retrieved credit bureau scores, with the weighted average being in accordance with the weighted values assigned to the one or more of the personal credit management proprietary score and the retrieved credit bureau scores.

6. The computer-implemented method of claim 1, further comprising:

receiving, from a computing device used by the user, information indicative of a selection of one or more actions for one or more credit bureau systems to perform;

identifying, from the received information, one or more of the credit bureau systems to be notified of the user'"'"'s request for performance of the one or more actions; and

transmitting, to the identified one or more of the credit bureau systems, a notification message of the user'"'"'s request for performance of the one or more actions.

19. The computer-implemented method of claim 1, wherein the selected personal credit management proprietary score comprises a numeric value.

4. (canceled)

7. A computer program product tangibly stored on a computer readable hardware storage device, the computer program product comprising instructions for causing a credit management system to perform operations comprising:

receiving, by the credit management system, balance information indicative of account balances in one or more financial accounts of a user;

receiving, by the credit management system, debt information of the user, with the debt information specifying balance information indicative of outstanding debts in the one or more financial accounts of the user;

accessing by the credit management system a table of pre-defined personal credit management proprietary scores that are mapped to pre-defined score conditions, with the pre-defined score conditions based on values of account balances and credit bureau scores;

identifying that one of the score conditions in the table is satisfied by one or more of the balance information and the debt information in the one or more financial accounts of the user; and

selecting, from the table, a personal credit management proprietary score according to the identified one of the score conditions;

storing the selected personal credit management proprietary score with information corresponding to the user.

8. The computer program product of claim 7, wherein the operations further comprise:

adjusting a value of the personal credit management proprietary score based on proprietary adjustment rules.

9. The computer program product of claim 7, wherein the operations further comprise:

retrieving, by the credit management system from a plurality of credit bureau systems, credit bureau scores of the user;

generating, based on the personal credit management proprietary score and based on the retrieved credit bureau scores, a simulated credit score for the user; and

adjusting a value of the simulated credit score based on one or more of credit information of the user and account information of the user.

11. The computer program product of claim 9, wherein the operations further comprise:

retrieving, by the credit management system from a plurality of credit bureau systems, credit bureau scores of the user; and

assigning weighted values to one or more of the personal credit management proprietary score and the retrieved credit bureau scores;

wherein generating the simulated credit score for the user comprises;

computing a weighted average of the personal credit management proprietary score and one or more of the retrieved credit bureau scores, with the weighted average being in accordance with the weighted values assigned to the one or more of the personal credit management proprietary score and the retrieved credit bureau scores.

12. The computer program product of claim 7, wherein the operations further comprise:

receiving, from a computing device used by the user, information indicative of a selection of one or more actions for one or more credit bureau systems to perform;

identifying, from the received information, one or more of the credit bureau systems to be notified of the user'"'"'s request for performance of the one or more actions; and

transmitting, to the identified one or more of the credit bureau systems, a notification message of the user'"'"'s request for performance of the one or more actions.

10. (canceled)

13. An apparatus comprising:

a processor of a credit management system; and

a computer program product stored on a computer readable hardware storage device, the computer program product comprising instructions for causing the processor to perform operations comprising;

receiving, by the credit management system, balance information indicative of account balances in one or more financial accounts of a user;

receiving, by the credit management system, debt information of the user, with the debt information specifying balance information indicative of outstanding debts in the one or more financial accounts of the user;

accessing by the credit management system a table of pre-defined personal credit management proprietary scores that are mapped to pre-defined score conditions, with the pre-defined score conditions based on values of account balances and credit bureau scores;

identifying that one of the score conditions in the table is satisfied by one or more of the balance information and the debt information in the one or more financial accounts of the user; and

selecting, from the table, a personal credit management proprietary score according to the identified one of the score conditions;

storing the selected personal credit management proprietary score with information corresponding to the user.

14. The apparatus of claim 13, wherein the operations further comprise:

adjusting a value of the personal credit management proprietary score based on proprietary adjustment rules.

15. The apparatus of claim 13, wherein the operations further comprise:

retrieving, by the credit management system from a plurality of credit bureau systems, credit bureau scores of the user;

generating, based on the personal credit management proprietary score and based on the retrieved credit bureau scores, a simulated credit score for the user; and

adjusting a value of the simulated credit score based on one or more of credit information of the user and account information of the user.

17. The apparatus of claim 15, wherein the operations further comprise:

retrieving, by the credit management system from a plurality of credit bureau systems, credit bureau scores of the user; and

assigning weighted values to one or more of the personal credit management proprietary score and the retrieved credit bureau scores;

wherein generating the simulated credit score for the user comprises;

computing a weighted average of the personal credit management proprietary score and one or more of the retrieved credit bureau scores, with the weighted average being in accordance with the weighted values assigned to the one or more of the personal credit management proprietary score and the retrieved credit bureau scores.

18. The apparatus of claim 13, wherein the operations further comprise:

receiving, from a computing device used by the user, information indicative of a selection of one or more actions for one or more credit bureau systems to perform;

identifying, from the received information, one or more of the credit bureau systems to be notified of the user'"'"'s request for performance of the one or more actions; and

transmitting, to the identified one or more of the credit bureau systems, a notification message of the user'"'"'s request for performance of the one or more actions.

16. (canceled)