Methods and systems for actively optimizing a credit score and managing/reducing debt
First Claim
1. A method for reducing debt for a customer, the method comprising:
- receiving, at a computer system;
a credit report;
bank account information;
payroll information; and
expense information;
generating, with the computer system, a financial report based at least in part on an aggregation of;
the credit report;
the bank account information;
the payroll information; and
the expense information;
determining, with the computer system, available unassigned income based at least in part on the financial report; and
allocating, with the computer system, the available unassigned income to pay the customer'"'"'s expenses and one or more credit accounts such that the customer'"'"'s debt is reduced, wherein the allocating of the available unassigned income is based at least in part on;
an interest rate of at least one credit account;
an interest type of at least one credit account; and
a due date of at least one credit account.
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Accused Products
Abstract
The invention provides various systems and methods for actively optimizing a credit score and reducing debt. The method includes receiving a credit report including credit accounts, balances, interest rates, and rate types for the credit accounts. The method further receives bank account and payroll information, as well as fixed and variable expense information. The method then generates a financial report based on the received information. Based on the financial report, the method calculates a payment amount, and determines available unassigned income. An allocation of the available income for debt reduction and credit score optimization is received, and the method dynamically allocates the funds to pay the credit accounts, the fixed expenses, and variable expenses such that the customer'"'"'s debt is reduced and the customer'"'"'s credit score is improved.
55 Citations
20 Claims
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1. A method for reducing debt for a customer, the method comprising:
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receiving, at a computer system; a credit report; bank account information; payroll information; and expense information; generating, with the computer system, a financial report based at least in part on an aggregation of; the credit report; the bank account information; the payroll information; and the expense information; determining, with the computer system, available unassigned income based at least in part on the financial report; and allocating, with the computer system, the available unassigned income to pay the customer'"'"'s expenses and one or more credit accounts such that the customer'"'"'s debt is reduced, wherein the allocating of the available unassigned income is based at least in part on; an interest rate of at least one credit account; an interest type of at least one credit account; and a due date of at least one credit account. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11)
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12. A system for reducing debt for at least one customer, the system comprising:
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a payment center processor, wherein; the payment center processor is in communication with; at least one payee; at least one credit institution; at least one bank; the payment center processor is configured to; receive at least one bill for the at least one customer from the at least one payee; receive at least one credit report from the credit institution, wherein the credit report includes; an account identifier; a balance; an interest rate; and an interest type; receive pay information from the bank; generate a financial report based at least in part on an aggregation of; the at least one bill; the at least one credit report; and the pay information; determining, with the computer system, available unassigned income based at least in part on the financial report; and allocating, with the computer system, the available unassigned income to pay the at least one bill. - View Dependent Claims (13, 14, 15, 16)
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17. A non-transitory machine readable medium having a set of instructions stored thereon for reducing debt of a customer which, when executed by a machine, cause the machine to:
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receive a credit report, bank account information, payroll information, and expense information; generate a financial report based at least in part on an aggregation of the credit report, the bank account information, the payroll information, and the expense information; determine available unassigned income based at least in part on the financial report; and allocate the available unassigned income to pay the customer'"'"'s expenses and one or more credit accounts such that the customer'"'"'s debt is reduced, wherein the allocating of the available unassigned income is based at least in part on; an interest rate of at least one credit account; an interest type of at least one credit account; and a due date of at least one credit account. - View Dependent Claims (18, 19, 20)
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Specification