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System and method for offering risk-based interest rates in a credit instrument

  • US 8,306,907 B2
  • Filed: 05/30/2003
  • Issued: 11/06/2012
  • Est. Priority Date: 05/30/2003
  • Status: Active Grant
First Claim
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1. A method of communicating a multi-tiered offer to apply for a credit instrument comprising:

  • processing, by a computer processor, credit history data;

    calculating, by the computer processor, a first plurality of interest rates based on said credit history data;

    determining, by the computer processor, a second plurality of interest rates based on said first plurality of interest rates, said second plurality of interest rates corresponding to a plurality of credit risk scores that comprise a spectrum of credit risk scores; and

    communicating, said multi-tiered offer to apply for a credit instrument in an initial communication with an offeree, said offer disclosing said second plurality of interest rates corresponding to the plurality of credit risk scores, wherein the multi-tiered offer comprises a single offer that is an initial communication with the offeree and wherein the plurality of credit risk scores is not specific to the offeree.

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