Method and apparatus for scoring the likelihood of a desired performance result

• US 6,513,018 B1
• Filed: 05/05/1994
• Issued: 01/28/2003
• Est. Priority Date: 05/05/1994
• Status: Expired due to Term

• Current Assignee: Fair Isaac Corporation
• Original Assignee: Fair Isaac Corporation
• Inventors: Culhane, Patrick G.
• Primary Examiner(s): Trammell, James P.
• Assistant Examiner(s): Elisca, Pierre E.
• Application Number:
  US08/238,318
• Time in Patent Office: 3,190 Days
• Field of Search: 364/400, 364/401, 364/406, 364/408, 705/35, 705/38, 705/30, 705/34
• US Class Current: 705/35
• 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

Abstract

Apparatus and methods for generating a score predictive of the likelihood of a desired performance result for a selected receiver of that performance from a selected performer that includes memory means storing performance information of the selected performer for the selected receiver and storing matched performance information over the same relevant time interval of the selected performer for all receivers of similar performance; calculating means developing for the performer at least one first continuous variable of the performance for all receivers other than the selected receiver; calculating means developing for the performer at least one second continuous variable of the performance for the selected receiver; and accumulation means developing a performance score for the desired performance result from the first and second continuous variables.

Claims

1. A method performed on a computer of predicting a likely repayment amount from a debtor who owes an amount to a selected creditor, the method comprising:

(A) determining on a computer a collection score based on;

(i) amounts owed by the debtor only to creditors other than the selected creditor retrieved from an electronic database, and

(ii) the amount owed by the debtor only to the selected creditor retrieved from an electronic database;

wherein the collection score is further based on tailored characteristics from a generic database comprising;

average months in file;

number of trade lines last reported over 90 days delinquent;

percentage amount now past due of maximum historic past due;

total trade line balance;

net fraction of subscriber'"'"'s accounts; and

total balance on subscriber'"'"'s trade lines; and

(B) determining the likely repayment amount based on the collection score and the amount owed to the selected creditor.

2. A method performed on a computer of predicting a likely repayment amount from a debtor who owes an amount to a selected creditor, the method comprising:

(A) determining a collection score based on amounts owed by the debtor only to creditors other than the selected creditor, wherein the collection score is further based on tailored characteristics from a generic database, wherein the tailored characteristics from a generic database comprise at least one of;

average months in file;

number of trade lines last reported over 90 days delinquent;

percentage amount now past due of maximum historic past due;

total trade line balance;

net fraction of subscriber'"'"'s accounts; and

total balance on subscriber'"'"'s trade lines; and

(B) determining the likely repayment amount based on the collection score and the amount owed to the selected creditor.

3. A method performed on a computer as in claim 2 wherein the collection score is determined based also on the amount owed by the debtor only to the selected creditor.

4. A method performed on a computer of predicting a likely repayment amount from a debtor who owes an amount to a selected creditor, the method comprising:

(A) determining on a computer a first score based on amounts owed by the debtor only to creditors other than the selected creditor

(B) determining on a computer a second score based on an amount owed by the debtor only to the selected creditor;

(C) determining on a computer a collection score based on the first and second scores, wherein the collection score is further based on tailored characteristics from a generic database, comprising;

average months in file;

number of trade lines last reported over 90 days delinquent;

percentage amount now past due of maximum historic past due;

total trade line balance;

net fraction of subscriber'"'"'s accounts; and

total balance on subscriber'"'"'s trade lines; and

(D) determining on a computer the likely repayment amount based on the collection score and the amount owed to the selected creditor.

5. A method performed on a computer of predicting a likely repayment amount from a debtor who owes an amount to a selected creditor, the method comprising:

(A) determining on a computer a first score based on amounts owed by the debtor only to creditors other than the selected creditor retrieved from an electronic database, wherein the first score is further based on at least one of the following tailored characteristics from a generic database;

average months in file;

number of trade lines last reported over 90 days delinquent;

percentage amount now past due of maximum historic past due;

total trade line balance;

net fraction of subscriber'"'"'s accounts; and

total balance on subscriber'"'"'s trade lines; and

(B) determining on a computer a second score based on an amount owed by the debtor only to the selected creditor retrieved from an electronic database;

(C) determining on a computer a collection score based on the first and second scores, wherein the collection score is further based on tailored characteristics from a generic database; and

(D) determining on a computer the likely repayment amount based on the collection score and the amount owed to the selected creditor.

6. A method performed on a computer of predicting a likely repayment amount from a debtor who owes an amount to a selected creditor, the method comprising;

(A) determining on a computer a first score based on amounts owed by the debtor only to creditors other than the selected creditor retrieved from an electronic database;

(B) determining on a computer a second score based on an amount owed by the debtor only to the selected creditor retrieved from an electronic database, wherein the second score is further based on at least one of the following tailored characteristics from a generic database;

average months in file;

number of trade lines last reported over 90 days delinquent;

percentage amount now past due of maximum historic past due;

total trade line balance;

net fraction of subscriber'"'"'s accounts; and

total balance on subscriber'"'"'s trade lines; and

(C) determining on a computer a collection score based on the first and second scores, wherein the collection score is further based on tailored characteristics from a generic database; and

(D) determining on a computer the likely repayment amount based on the collection score and the amount owed to the selected creditor.

7. A method performed on a computer of predicting a likely repayment amount from a debtor who owes an amount to a selected creditor, the method comprising:

(A) determining on a computer a first score based on amounts owed by the debtor only to creditors other than the selected creditor retrieved from an electronic database;

(B) determining on a computer a second score based on an amount owed by the debtor only to the selected creditor retrieved from an electronic database;

(C) determining on a computer a collection score based on the first and second scores, wherein the collection score is further based on tailored characteristics from a generic database, wherein the tailored characteristics from a generic database comprise;

average months in file;

number of trade lines last reported over 90 days delinquent;

percentage amount now past due of maximum historic past due;

total trade line balance;

net fraction of subscriber'"'"'s accounts; and

total balance on subscriber'"'"'s trade lines; and

(D) determining on a computer the likely repayment amount based on the collection score and the amount owed to the selected creditor.

8. A computer-based system for predicting a likely repayment amount from a debtor who owes an amount to a selected creditor, the system comprising:

(A) a mechanism constructed and adapted to determine a collection score based on

(i) amounts owed by the debtor only to creditors other than the selected creditor;

(ii) the amount owed by the debtor only to the selected creditor; and

; and

(iii) the following tailored characteristics from a generic database;

average months in file;

number of trade lines l;

st reported over 90 days delinquent;

percentage amount now past due of maximum historic past due;

total trade line balance;

net fraction of subscriber'"'"'s accounts; and

total balance on subscriber'"'"'s trade lines; and

(B) a mechanism constructed and adapted to determine the likely repayment amount based on the collection score and the amount owed to the selected creditor.

9. A computer-based system for predicting a likely repayment amount from a debtor who owes an amount to a selected creditor, the system comprising:

(A) a mechanism constructed and adapted to determine a collection score based on amounts owed by the debtor only to creditors other than the selected creditor, wherein the collection score is further based on at least one of the following tailored characteristics from a generic database;

average months in file;

number of trade lines last reported over 90 days delinquent;

percentage amount now past due of maximum historic past due;

total trade line balance;

net fraction of subscriber'"'"'s accounts; and

total balance on subscriber'"'"'s trade lines; and

(B) a mechanism constructed and adapted to determine the likely repayment amount based on the collection score and the amount owed to the selected creditor.

10. A computer-based system as in claim 9 wherein the collection score is determined based also on the amount owed by the debtor only to the selected creditor.

11. A computer-based system for predicting a likely repayment amount from a debtor who owes an amount to a selected creditor, the system comprising:

(A) a mechanism constructed and adapted to determine a first score based on amounts owed by the debtor only to creditors other than the selected creditor;

(B) a mechanism constructed and adapted to determine a second score based on an amount owed by the debtor only to the selected creditor

(C) a mechanism constructed and adapted to determine a collection score based on the first and second scores, wherein the collection score is further based on tailored characteristics from a generic database comprising;

average months in file;

number of trade lines last reported over 90 days delinquent;

percentage amount now past due of maximum historic past due;

total trade line balance;

net fraction of subscriber'"'"'s accounts; and

total balance on subscriber'"'"'s trade lines; and

(D) a mechanism constructed and adapted to determine the likely repayment amount based on the collection score the owed to the selected creditor.

12. A computer-based system for predicting a likely repayment amount from a debtor who owes an amount to a selected creditor, the system comprising:

(A) a mechanism constructed and adapted to determine a first score based on amounts owed by the debtor only to creditors other than the selected creditor, wherein the first score is further based on at least one of the following tailored characteristics from a generic database;

average months in file;

number of trade lines last reported over 90 days delinquent;

percentage amount now past due of maximum historic past due;

total trade line balance;

net fraction of subscriber'"'"'s accounts; and

total balance on subscriber'"'"'s trade lines; and

(B) a mechanism constructed and adapted to determine a second score based on an amount owed by the debtor only to the selected creditor;

(C) a mechanism constructed and adapted to determine a collection score based on the first and second scores;

wherein the collection score is further based on tailored characteristics for a generic database, and (D) a mechanism constructed and adapted to determine the likely repayment amount based on the collection score and the amount owed to the selected creditor.

13. A computer-based system for predicting a likely repayment amount from a debtor who owes an amount to a selected creditor, the system comprising:

(A) a mechanism constructed and adapted to determine a first score based on amounts owed by the debtor only to creditors other than the selected creditor;

(B) a mechanism constructed and adapted to determine a second score based on an amount owed by the debtor only to the selected creditor, wherein the second score is further based on at least one of the following tailored characteristics from a generic database;

average months in file;

number of trade lines last reported over 90 days delinquent;

percentage amount now past due of maximum historic past due;

total trade line balance;

net fraction of subscriber'"'"'s accounts; and

total balance on subscriber'"'"'s trade lines; and

(C) a mechanism constructed and adapted to determine a collection score based on the first and second scores;

wherein the collection score is further based on tailored characteristics for a generic database, and;

(D) a mechanism constructed and adapted to determine the likely repayment amount based on the collection score and the amount owed to the selected creditor.

14. A computer-based system for predicting a likely repayment amount from a debtor who owes an amount to a selected creditor, the system comprising:

(A) a mechanism constructed and adapted to determine a first score based on amounts owed by the debtor only to creditors other than the selected creditor;

(B) a mechanism constructed and adapted to determine a second score based on an amount owed by the debtor only to the selected creditor;

(C) a mechanism constructed and adapted to determine a collection score based on the first and second scores, wherein the collection score is further based on tailored characteristics from a generic database comprising;

average months in file;

number of trade lines last reported over 90 days delinquent;

percentage amount now past due of maximum historic past due;

total trade line balance;

net fraction of subscriber'"'"'s accounts; and

total balance on subscriber'"'"'trade lines; and

(D) a mechanism constructed and adapted to determine the likely repayment amount based on the collection score and the amount owed to the selected creditor.

15. A computer-readable medium with program instructions for predicting a likely repayment amount from a debtor who owes an amount to a selected creditor, the program comprising a method, which, when executed on a computer system, causes the computer system to:

(A) determine a collection score based on;

(i) amounts owed by the debtor only to creditors other than the selected creditor,

(ii) the amount owed by the debtor only to the selected creditor, and

(iii) wherein the collection score is based on tailored characteristics from a generic database, comprising;

average months in file;

number of trade lines last reported over 90 days delinquent;

percentage amount now past due of maximum historic past due;

total trade line balance;

net fraction of subscriber'"'"'s accounts; and

total balance on subscriber'"'"'s trade lines;

(B) determine the likely repayment amount based on the collection score and the amount owed to the selected creditor.

16. A computer-readable medium with program instructions for predicting a likely repayment amount from a debtor who owes an amount to a selected creditor, the program comprising a method, which, when executed on a computer system, causes the computer system to:

(A) determine a collection score based on amounts owed by the debtor only to creditors other than the selected creditor, wherein the collection score is further based on at least one of the following tailored characteristics from a generic database;

average months in file;

number of trade lines last reported over 90 days delinquent;

percentage amount now past due of maximum historic past due;

total trade line balance;

net fraction of subscriber'"'"'s accounts; and

total balance on subscriber'"'"'s trade lines; and

(B) determine the likely repayment amount based on the collection score and the amount owed to the selected creditor.

17. A computer-readable medium with program instructions as in claim 16 wherein the collection score is determined based also on the amount owed by the debtor only to the selected creditor.

18. A computer-readable medium with program instructions for predicting a likely repayment amount from a debtor who owes an amount to a selected creditor, the program comprising a method, which, when executed on a computer system, causes the computer system to:

(A) determine a first score based on amounts owed by the debtor only to creditors other than the selected creditor,

(B) determine a second score based on an amount owed by the debtor only to the selected creditor,

(C) determine a collection score based on the first and second scores, wherein the collection score is further based on tailored characteristics from a generic database comprising;

average months in file;

number of trade lines last reported over 90 days delinquent;

percentage amount now past due of maximum historic past due;

total trade line balance;

net fraction of subscriber'"'"'s accounts; and

total balance on subscriber'"'"'s trade lines; and

(D) determine the likely repayment amount based on the collection score and the amount owed to the selected creditor.

19. A computer-readable medium with program instructions for predicting a likely repayment amount from a debtor who owes an amount to a selected creditor, the program comprising a method, which, when executed on a computer system, causes the computer system to:

(A) determine a first score based on amounts owed by the debtor only to creditors other than the selected creditor, wherein the first score is further based on at least one of the following tailored characteristics from a generic database;

average months in file;

number of trade lines last reported over 90 days delinquent;

percentage amount now past due of maximum historic past due;

total trade line balance;

net fraction of subscriber'"'"'s accounts; and

total balance on subscriber'"'"'s trade lines; and

(B) determine a second score based on an amount owed by the debtor only to the selected creditor;

(C) determine a collection score based on the first and second scores;

wherein the collection score is further based on tailored characteristics from a generic database and

(D) determine the likely repayment amount based on the collection score and the amount owed to the selected creditor.

20. A computer-readable medium with program instructions for predicting a likely repayment amount from a debtor who owes an amount to a selected creditor, the program comprising a method, which, when executed on a computer system, causes the computer system to:

(A) determine a first score based on amounts owed by the debtor only to creditors other than the selected creditor;

(B) determine a second score based on an amount owed by the debtor only to the selected creditor, wherein the second score is further based on at least one of the following tailored characteristics from a generic database;

average months in file;

number of trade lines last reported over 90 days delinquent;

percentage amount now past due of maximum historic past due;

total trade line balance;

net fraction of subscriber'"'"'s accounts; and

total balance on subscriber'"'"'s trade lines; and

(C) determine a collection score based on the first and second scores;

wherein the collection score is further based on tailored characteristics from a generic database and

(D) determine the likely repayment amount based on the collection score and the amount owed to the selected creditor.

21. A computer-readable medium with program instructions for predicting a likely repayment amount from a debtor who owes an amount to a selected creditor, the program comprising a method, which, when executed on a computer system, causes the computer system to:

(A) determine a first score based on amounts owed by the debtor only to creditors other than the selected creditor;

(B) determine a second score based on an amount owed by the debtor only to the selected creditor;

(C) determine a collection score based on the first and second scores, wherein the collection score is further based on tailored characteristics from a generic database;

average months in file;

number of trade lines last reported over 90 days delinquent;

percentage amount now past due of maximum historic past due;

total trade line balance;

net fraction of subscriber'"'"'s accounts; and

total balance on subscriber'"'"'s trade lines; and

(D) determine the likely repayment amount based on the collection score and the amount owed to the selected creditor.