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Method and apparatus for development and use of a credit score based on spend capacity

  • US 7,814,004 B2
  • Filed: 06/30/2005
  • Issued: 10/12/2010
  • Est. Priority Date: 10/29/2004
  • Status: Active Grant
First Claim
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1. A method of developing a credit score for an individual consumer comprising:

  • modeling, by a computer-based system comprising a processor and a non-transitory, tangible memory, consumer spending patterns using individual and aggregate consumer data, including tradeline data, internal customer data, and consumer panel data;

    estimating, by the computer-based system, credit-related information of the individual consumer based on tradeline data of the individual consumer, balance transfers of the individual consumer, and the model of consumer spending patterns, wherein the credit-related information comprises a spend amount associated with the individual consumer; and

    offsetting, by the computer-based system, the previous balance transfers from the estimated credit-related information;

    assigning, by the computer-based system, a credit score to the individual consumer based on the estimated credit-related information, wherein the credit score includes an indicator indicating a trend of the consumers'"'"' spending over a given time and wherein the indicator is a positive or negative integer.

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