Systems and methods for notifying a consumer of changes made to a credit report
First Claim
1. A system for monitoring modifications to a credit score comprising a plurality of elements in a credit reporting database, the system comprising:
- at least one computer program stored on a computer-readable memory, the computer program for continuously monitoring at least part of a plurality of credit-related elements for a modification to at least one of the plurality of credit-related elements,wherein the modification to at least one of the plurality of credit-related elements comprises at least one of the plurality of credit-related elements modified by a datum collected from at least one financial entity, the datum comprising information associated with the individual; and
at least one server for generating an updated credit score for an individual using the plurality of credit-related elements after at least one of the plurality of credit-related elements is modified by the datum collected from at least one financial entity, the credit score for the individual and the plurality of credit-related elements being stored on the computer-readable memory;
wherein the system is capable of sending a notification that the credit score is updated to the individual substantially contemporaneously when the updated credit score for the individual is generated; and
wherein the system is capable of sending the notification to more than one destination specified by the individual.
1 Assignment
0 Petitions
Accused Products
Abstract
A system and method for monitoring unauthorized changes to a database and providing a notification to a user according to preferences set by the user. The user can select one or more data entries within a database to be monitored. When these data entries are changed, a notification is sent to the user. The user can also select a credit score or rating within the database to be monitored. When the credit rating changes, a notification can also be sent to the user. Notifications regarding interest rates, prices, and other financial information associated with a change in a credit score or rating can also be sent to the user according to preferences set by the user.
254 Citations
11 Claims
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1. A system for monitoring modifications to a credit score comprising a plurality of elements in a credit reporting database, the system comprising:
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at least one computer program stored on a computer-readable memory, the computer program for continuously monitoring at least part of a plurality of credit-related elements for a modification to at least one of the plurality of credit-related elements, wherein the modification to at least one of the plurality of credit-related elements comprises at least one of the plurality of credit-related elements modified by a datum collected from at least one financial entity, the datum comprising information associated with the individual; and at least one server for generating an updated credit score for an individual using the plurality of credit-related elements after at least one of the plurality of credit-related elements is modified by the datum collected from at least one financial entity, the credit score for the individual and the plurality of credit-related elements being stored on the computer-readable memory; wherein the system is capable of sending a notification that the credit score is updated to the individual substantially contemporaneously when the updated credit score for the individual is generated; and wherein the system is capable of sending the notification to more than one destination specified by the individual. - View Dependent Claims (2, 3, 4, 5, 6)
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7. A system comprising:
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a database for; storing a plurality of credit-related elements on a computer-readable memory, the plurality of credit-related elements being associated with an individual and modifiable by a datum collected from at least one financial entity, the datum comprising information associated with the individual; and facilitating generation of a credit score for the individual using the plurality of credit-related elements after at least one of the plurality of credit-related elements is modified by the datum collected from at least one financial entity; a server processor; and a memory stored thereon comprising; a monitoring module for continuously monitoring for a change to the credit score for the individual; a generation module for generating a notification to the individual substantially contemporaneously to the change to the credit score for the individual, the notification comprising an identification of the change to the credit score for the individual and an identification of at least one financial product for which the individual is eligible based on the change to the credit score for the individual; and a communication module for; generating a secure message that includes content of the notification by encrypting the notification; and transmitting the secure message to the individual, wherein the communication module is capable of sending the notification to more than one destination specified by the individual. - View Dependent Claims (8, 9, 10, 11)
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Specification