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Method and apparatus for generating segmentation scorecards for evaluating credit risk of bank card applicants

  • US 6,202,053 B1
  • Filed: 01/23/1998
  • Issued: 03/13/2001
  • Est. Priority Date: 01/23/1998
  • Status: Expired due to Term
First Claim
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1. A computer implemented method for evaluating credit risk of bank card applicants comprising the steps of:

  • a) dividing a population of bank card applicants into a plurality of sub-populations using a processing unit, based on a first factor selected from a factor group consisting of length of credit history, number of reported trades, reported delinquency, bank card utilization, and revolving balance acceleration;

    b) dividing at least one of said sub-populations into additional sub-populations based on a second factor selected from the factor group, the second factor being different from the first factor selected from the factor group;

    c) developing a scorecard for each of said plurality of sub-populations and additional sub-populations;

    d) applying one of said scorecards to a bank card application; and

    e) scoring said application, based on said applied scorecard.

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