Consumer credit data storage system

• US 7,584,146 B1
• Filed: 09/19/2001
• Issued: 09/01/2009
• Est. Priority Date: 06/11/1998
• Status: Expired due to Fees

• Current Assignee: Innovis Data Solutions, Inc. (CBC Cos., Inc.)
• Original Assignee: Innovis Data Solutions, Inc. (CBC Cos., Inc.)
• Inventors: Duhon, Eric M
• Primary Examiner(s): Hamilton; Lalita M
• Application Number:
  US09/957,214
• Time in Patent Office: 2,904 Days
• Field of Search: 705/35, 705/38
• US Class Current: 705/38
• CPC Class Codes: G06Q 20/04 Payment circuits
• CPC Class Codes: G06Q 20/403 Solvency checks
• CPC Class Codes: G06Q 20/4037 Remote solvency checks
• 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
• CPC Class Codes: G06Q 40/03 Credit; Loans; Processing thereof
• CPC Class Codes: G06Q 40/12 Accounting
• CPC Class Codes: G07F 7/08 by coded identity card or credit card or other personal identification means without personal verification means G07F7/02

Abstract

A consumer credit information data base for storing current consumer credit information, as well as historical credit data information. On-line computerized systems can access the data base and present current and historical credit data information to users so that better assessments can be made as to the credit worthiness of a consumer.

Claims

1. A data system for storing consumer credit information, comprising:

a computer-readable data base programmed to store current credit information and programmed to store historical consumer credit information for a period at least greater than twelve months;

said data base storing data providing historical consumer credit information, said historical consumer credit information including dollar amount credit information for each period of a plurality of periods of historical times, thereby allowing a user of said data system to examine a quality of a credit history; and

a computer programmed to access said data base to retrieve data therefrom and provide credit information to users of said data system.

2. The data system of claim 1, wherein said data system is programmed to periodically receive data from local and regional credit grantors, and store the received data for subsequent retrieval.

3. The data system of claim 1, wherein said data system is programmed to store original credit application data, and programmed to accumulate credit application data received thereafter by said data system.

4. The data system of claim 3, wherein said data system is programmed to store a substantially complete credit history of a consumer, as supplied by one or more credit grantors.

5. The data system of claim 1, wherein said data system includes a single-instance data base of the type in which consumer credit data is both updated and consumer credit report data is retrieved therefrom.

6. The data system of claim 5, further including a mirrored data base for duplicating the consumer credit data.

7. The data system of claim 1, wherein said data system is programmed to process consumer credit data accumulated by said data system from multiple credit grantors and provide trend data.

8. The data system of claim 7, wherein said data system is programmed to aggregate consumer credit account balances from multiple credit grantors and provide said trend data for one or more consumers identified in said data system.

9. The data system of claim 1, wherein said data system is programmed to accumulate address information of consumers desiring credit from credit grantors, and programmed to store in association with said address information a date in which the address information of the consumers was reported to said data system.

10. The data system of claim 9, wherein said data system is programmed to store the number of times credit grantors reported to the data system the same address information for a respective consumer.

11. The data system of claim 1, further including in combination a credit report produced by said data system, said credit report containing substantially all of the consumer identification information, and substantially all of the trade line consumer credit information stored in the data system in association with a respective consumer.

12. The data system of claim 1, wherein said data system is programmed to store consumer information to produce a collection report, said collection report including name, address, and phone number information of all credit grantors who have submitted consumer credit information to the data system for respective consumers.

13. The data system of claim 1, wherein said data system is programmed to respond to a request to flag a consumer file, said flag indicating that new address information has been stored in association with the flagged consumer file, and said data system is programmed to transmit the new address information to the person requesting that the consumer file be flagged.

14. A data system for storing consumer credit information, comprising:

a computer-readable data base for storing the consumer credit information;

a computer for accessing the data base to store consumer credit information and responsive to requests for retrieving the consumer credit information;

a network for allowing credit grantors to communicate requests to said computer, said requests including requests to store consumer credit information, and requests for consumer credit reports; and

said computer programmed to store original consumer credit information supplied by the credit grantors, and to store substantially all new consumer credit information subsequently submitted by the credit grantors, thereby storing a complete credit history of the respective consumers.

15. The data system of claim 14, wherein said computer is programmed to accumulate consumer credit information in said data base for respective consumers over a long period of time, and maintain said accumulated consumer credit information so that a trend analysis can be conducted thereon.

16. The data system of claim 14, wherein said computer is programmed to accumulate consumer credit information for respective consumers by receiving requests to store consumer credit information from different credit grantors.

17. The data system of claim 14, wherein said computer is programmed to store consumer credit information to provide a complete credit history of respective consumers for at least twenty four months.

18. A data system for storing consumer credit information, comprising:

a computer-readable data base for storing the consumer credit information;

a computer for accessing the data base to store consumer credit information and responsive to requests for retrieving the consumer credit information;

said data base structured for storing dollar value parameters associated with monthly periods for respective consumers, and accumulating and maintaining the dollar value parameters for a period of at least twenty four months for respective consumers; and

said computer programmed to provide to the credit grantors trend data for the respective consumers, said trend data showing the dollar value parameters for each month for the period.

19. The data system of claim 18, wherein said computer is programmed to provide a graphical depiction of the consumer credit information by depicting the dollar value parameter on one axis of a graph, and the months of the period on another axis of the graph.

20. The data system of claim 18, wherein said computer is programmed to provide for each said credit grantor a graphical depiction of a consumer'"'"'s balance owed to the credit grantor as a function of the month of the period.