Credit risk evaluation with responsibility factors
First Claim
1. A method comprising:
- receiving, at a computer, credit risk information, insurance rating information, and at least one vehicle monitoring rating factor relating to a user; and
calculating, by the computer, an enhanced credit score for the user using the credit risk information, the insurance rating information, and the at least one vehicle monitoring rating factor; and
providing a displayable output relating to the enhanced credit score.
1 Assignment
0 Petitions
Accused Products
Abstract
A system, device, and method for calculating an enhanced credit score using insurance rating information, individual rating factors, interaction rating factors, geographic rating factors, vehicle monitoring rating factors, and/or credit risk information is disclosed. Insurance rating information, individual rating factors, interaction rating factors, geographic rating factors, and vehicle monitoring rating factors, either individually or in combinations, may be used as inputs to a novel credit-scoring model to calculate an enhanced or improved credit score for an individual or other type of credit user. The novel credit-scoring model may be implemented in a computer-readable medium comprising computer-executable instructions for causing a computing device to calculate an enhanced credit score. The computer-executable instructions may be arranged into an input module, output module, and calculation module. The modules may be used to calculate an enhanced credit score that may be used by lending institutions and others to determine the terms of a financing agreement with a user.
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Citations
27 Claims
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1. A method comprising:
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receiving, at a computer, credit risk information, insurance rating information, and at least one vehicle monitoring rating factor relating to a user; and calculating, by the computer, an enhanced credit score for the user using the credit risk information, the insurance rating information, and the at least one vehicle monitoring rating factor; and providing a displayable output relating to the enhanced credit score. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20)
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21. A computer-readable non-transitory medium storing computer-executable instructions configured to cause an apparatus to:
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receive credit risk information and at least one vehicle monitoring rating factor relating to a user; calculate an enhanced credit score for the user using the credit risk information, insurance rating information, and the vehicle monitoring rating factor; and provide a displayable output relating to the enhanced credit score. - View Dependent Claims (22)
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23. An apparatus comprising:
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a processing unit comprising a processor; and a memory unit storing computer-executable instructions, which when executed by the processing unit, cause the apparatus to perform a method of calculating an enhanced credit score of a user for use in determining the terms of a financing agreement, the method comprising; receiving, at a computer, at least one of the following relating to a user;
insurance rating information, at least one geographic rating factor, at least one vehicle monitoring rating factor, at least one individual rating factor, and at least one interaction rating factor; andcalculating an enhanced credit score for the user using the at least one of the following relating to a user;
insurance rating information, at least one geographic rating factor, at least one vehicle monitoring rating factor, at least one individual rating factor, and at least one interaction rating factor; andproviding a displayable output relating to the enhanced credit score. - View Dependent Claims (24, 25, 26, 27)
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Specification