Credit score and scorecard development
First Claim
Patent Images
1. A method of developing a credit score for an individual consumer, comprising:
- estimating, by a computer-based system for developing the credit score for a consumer, credit-related data of the individual consumer using an amount of identified balance transfers of the individual consumer and a model of consumer spending patterns, wherein the credit-related data comprises a spend amount associated with the individual consumer, and wherein the computer-based system comprises a processor and a tangible, non-transitory memory;
offsetting, by the computer-based system, the identified balance transfers from the estimated credit-related data; and
determining a credit score for the individual consumer by using the estimated credit-related data.
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Abstract
Share of Wallet (“SOW”) is a modeling approach that utilizes various data sources to provide outputs that describe a consumers spending capability, tradeline history including balance transfers, and balance information. These outputs can be appended to data profiles of customers and prospects and can be utilized to support decisions involving prospecting, new applicant evaluation, and customer management across the lifecycle. The outputs can be used as attributes to consider in developing a credit bureau scorecard.
51 Citations
20 Claims
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1. A method of developing a credit score for an individual consumer, comprising:
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estimating, by a computer-based system for developing the credit score for a consumer, credit-related data of the individual consumer using an amount of identified balance transfers of the individual consumer and a model of consumer spending patterns, wherein the credit-related data comprises a spend amount associated with the individual consumer, and wherein the computer-based system comprises a processor and a tangible, non-transitory memory; offsetting, by the computer-based system, the identified balance transfers from the estimated credit-related data; and determining a credit score for the individual consumer by using the estimated credit-related data. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11)
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12. A system for developing, a credit score for an individual consumer, the system comprising:
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a tangible, non-transitory memory communicating with a processor, the tangible, non-transitory memory having instructions stored thereon that, in response to execution by the processor, cause the processor to perform operations comprising; estimating, by the processor, credit-related data of the individual consumer using an amount of identified balance transfers of the individual consumer and a model of consumer spending patterns, wherein the credit-related data comprises a spend amount associated with the individual consumer; offsetting, by the processor, the identified balance transfers from the estimated credit-related data; and determining a credit score for the individual consumer by using the estimated credit-related data. - View Dependent Claims (13, 14, 15, 16)
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17. An article of manufacture including a computer readable storage medium having instructions stored thereon that, in response to execution by a computing device, cause the computing device to perform operations comprising:
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estimating, by the computing device, credit-related data of an individual consumer using an amount of identified balance transfers of the individual consumer and a model of consumer spending patterns, wherein the credit-related data comprises a spend amount associated with the individual consumer; offsetting, by the computing device, the identified balance transfers from the estimated credit-related data; and calculating, by the computing device, a credit score for the consumer by using the estimated credit-related data. - View Dependent Claims (18, 19, 20)
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Specification