Method and system for offering debt recovery products to a customer
First Claim
1. A method, implemented using a computer, for offering debt recovery products to customers having delinquent accounts, the method comprising:
- retrieving, using the computer, delinquent account information corresponding to a delinquent account for a customer, the delinquent account having a balance;
determining, using the computer, a set of debt recovery offers for the customer based on the delinquent account information, the set of debt recovery offers including a debt recovery credit card product;
ranking, using the computer, the debt recovery offers of the set of debt recovery offers when there is more than one debt recovery offer in the set;
receiving, using the computer, customer selection information from the customer, the customer selection information customizing a debt recovery product corresponding to one of the set of debt recovery offers; and
creating, using the computer, a debt recovery account for the customized debt recovery product,wherein when the debt recovery product is the debt recovery credit card product, the debt recovery account is a credit card account with an initial balance based on the delinquent account balance.
3 Assignments
0 Petitions
Accused Products
Abstract
Methods and systems for offering debt recovery products to customers having delinquent accounts are disclosed. A debt recovery service retrieves delinquent account information corresponding to a customer. Based on the retrieved delinquent account information, the debt recovery service determines a set of debt recovery offers for the customer. The customer sends customer selection information to the debt recovery service. Customer selection information customizes a debt recovery product that corresponds to one of the set of debt recovery offers. The debt recovery service then creates a debt recovery account for the customized debt recovery product.
-
Citations
16 Claims
-
1. A method, implemented using a computer, for offering debt recovery products to customers having delinquent accounts, the method comprising:
-
retrieving, using the computer, delinquent account information corresponding to a delinquent account for a customer, the delinquent account having a balance; determining, using the computer, a set of debt recovery offers for the customer based on the delinquent account information, the set of debt recovery offers including a debt recovery credit card product; ranking, using the computer, the debt recovery offers of the set of debt recovery offers when there is more than one debt recovery offer in the set; receiving, using the computer, customer selection information from the customer, the customer selection information customizing a debt recovery product corresponding to one of the set of debt recovery offers; and creating, using the computer, a debt recovery account for the customized debt recovery product, wherein when the debt recovery product is the debt recovery credit card product, the debt recovery account is a credit card account with an initial balance based on the delinquent account balance. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13)
-
-
14. An apparatus for offering debt recovery products to customers having delinquent accounts, the apparatus comprising:
-
an account database that stores delinquent account information corresponding to a delinquent account for a customer, the delinquent account having a balance; an offer decision model that determines a set of debt recovery offers for a customer based on delinquent account information that corresponds to the customer, the set of debt recovery offers including a debt recovery credit card product, and ranks the debt recovery offers of the set of debt recovery offers when there is more than one debt recovery offer in the set; a server that receives customer selection information from the customer, the customer selection information customizing a debt recovery product corresponding to one of the set of debt recovery offers; and a fulfillment engine that creates a debt recovery account for the customized debt recovery product, wherein when the debt recovery product is the debt recovery credit card product, the debt recovery account is a credit card account with an initial balance based on the delinquent account balance.
-
-
15. An apparatus for offering debt recovery products to customers having delinquent accounts, the apparatus comprising:
-
means for retrieving delinquent account information corresponding to a delinquent account for a customer, the delinquent account having a balance; means for determining a set of debt recovery offers for the customer based on the delinquent account information, the set of debt recovery offers including at least one debt recovery credit card product; means for ranking the debt recovery offers of the set of debt recovery offers when there is more than one debt recovery offer in the set; means for receiving customer selection information from the customer, the customer selection information customizing a debt recovery product corresponding to one of the set of debt recovery offers; means for creating a debt recovery account for the customized debt recovery product, and a storage device for storing data relating to the debt recovery account on a computer-readable medium, wherein when the debt recovery product is the debt recovery credit card product, the debt recovery account is a credit card account with an initial balance based on the delinquent account balance.
-
-
16. A method, implemented using a computer, for offering debt recovery products to customers having delinquent accounts, the method comprising:
-
acquiring by a debt recovery service, using the computer, a portfolio of delinquent accounts; notifying, using the computer, one or more customers corresponding to the portfolio of delinquent accounts to contact the debt recovery service; retrieving, using the computer, delinquent account information corresponding to a notified customer, the delinquent account information being for a delinquent account from the portfolio having a balance; determining, using the computer, a set of debt recovery offers for the notified customer based on the delinquent account information, the set of debt recovery offers including at least one debt recovery credit card product; ranking, using the computer, the debt recovery offers of the set of debt recovery offers when there is more than one debt recovery offer in the set; receiving, using the computer, customer selection information from the notified customer, the customer selection information customizing a debt recovery product corresponding to one of the set of debt recovery offers; and creating, using the computer, a debt recovery account for the customized debt recovery product, wherein when the debt recovery product is the debt recovery credit card product, the debt recovery account is a credit card account with an initial balance based on the balance for the delinquent account corresponding to the notified customer.
-
Specification