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Systems, methods and computer program products for offering consumer loans having customized terms for each customer

  • US 8,190,511 B2
  • Filed: 10/05/2001
  • Issued: 05/29/2012
  • Est. Priority Date: 10/05/2000
  • Status: Expired due to Fees
First Claim
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1. A method for determining individually customized loan terms for a customer, comprising:

  • accepting customer credit application data corresponding to the customer;

    accessing credit bureau data corresponding to the customer, wherein the credit bureau data contains a credit rating for the customer;

    calculating a weighted expected probability of default for a loan to the customer based at least in part upon weighting a first expected probability of default and a second expected probability of default, wherein each the first expected probability and the second expected probability are based on the customer credit application data and the credit bureau data;

    calculating a risk from debt burden of the customer based at least in part upon a volatility of income determined from government statistics on aggregate income movements of a populationcalculating a risk free rate; and

    determining customized loan terms that are above the risk free rate,wherein said customized loan terms deliver a predetermined minimum return on equity for a lender, and said customized loan terms are based at least in part upon the weighted expected probability of default, a capital structure of the lender, and funding rates available to the lender.

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