Credit approval monitoring system and method
First Claim
1. A credit approval monitoring method implemented in a computer processing system comprising:
- continually monitoring a credit report of a consumer;
notifying the consumer when any changes are made to the consumer'"'"'s credit report;
the computer processing system periodically screening the credit report to determine if the consumer satisfies select criteria of a credit grantor; and
notifying the consumer if the screening determines that the consumer satisfies the select criteria.
7 Assignments
0 Petitions
Accused Products
Abstract
A credit approval monitoring system comprises a database system storing credit files for consumers. A monitoring processing system monitors credit reports of subscribing consumers and transmits messages indicative of changes in a subscribers credit report. A screening processing system screens credit reports to determine if credit applicants satisfy select criteria. A watch processing system is operatively associated with the monitoring processing system and the screening processing system for periodically requesting the screening processing system to determine if the credit report of a select consumer satisfies the select criteria and sending the determination to the monitoring processing system to notify the select consumer if the screening processing system determines that the credit report of the select consumer satisfies the select criteria.
124 Citations
11 Claims
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1. A credit approval monitoring method implemented in a computer processing system comprising:
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continually monitoring a credit report of a consumer; notifying the consumer when any changes are made to the consumer'"'"'s credit report; the computer processing system periodically screening the credit report to determine if the consumer satisfies select criteria of a credit grantor; and notifying the consumer if the screening determines that the consumer satisfies the select criteria. - View Dependent Claims (2, 3, 6)
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4. The credit approval monitoring method comprising:
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continually monitoring a credit report of a consumer; notifying the consumer when any changes are made to the consumer'"'"'s credit report; periodically screening the credit report to determine if the consumer satisfies select criteria of a credit grantor; and notifying the consumer if the screening determines that the consumer satisfies the select criteria wherein notifying the consumer if the screening determines that the consumer satisfies the select criteria comprises transmitting an email message to the consumer including a link to a network site providing a marketing message to the consumer. - View Dependent Claims (5)
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7. A credit approval monitoring method implemented in a computer processing system comprising:
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providing a notification of adverse action to a credit applicant responsive to the credit applicant not satisfying select criteria; subsequent to the adverse action notification monitoring a credit report of the credit applicant; the computer processing system periodically screening the credit report to determine if the credit applicant satisfies the select criteria; and notifying the credit applicant if the screening determines that the credit report satisfies the select criteria. - View Dependent Claims (8, 11)
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9. A credit approval monitoring method comprising:
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providing a notification of adverse action to a credit applicant responsive to the credit applicant not satisfying select criteria; subsequent to the adverse action notification monitoring a credit report of the credit applicant; periodically screening the credit report to determine if the credit applicant satisfies the select criteria; and notifying the credit applicant if the screening determines that the credit report satisfies the select criteria, wherein the notifying the credit applicant if the screening determines that the credit report satisfies the select criteria comprises transmitting an email message to the credit applicant including a link to a network site providing a marketing message to the credit applicant. - View Dependent Claims (10)
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Specification