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Method and apparatus for development and use of a credit score based on spend capacity

  • US 8,438,105 B2
  • Filed: 05/25/2012
  • Issued: 05/07/2013
  • Est. Priority Date: 10/29/2004
  • Status: Active Grant
First Claim
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1. A method comprising:

  • identifying, by a computer-based system, any balance transfers into at least one of a plurality of accounts, based on payment data, wherein the payment data is related to an individual consumer for a period of time that is prior to a current period of time, wherein the computer-based system is programmed to estimate a purchasing ability of a consumer;

    discounting, by the computer-based system, any spending identified for any of the plurality of accounts for any portion of the previous period of time in which a balance transfer to such account is identified; and

    determining, by the computer-based system, a purchasing ability of the individual consumer based on the payment data, said discounting and a model of consumer spending patterns derived from at least one of payment data, internal customer data and consumer panel data.

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