Method and system for automatically collecting payment for a credit account
First Claim
Patent Images
1. A method for automatically collecting payment for a credit account, comprising:
- identifying a consumer that has a negative credit history;
offering an automatic payment service to the consumer;
using one or more computer processors to link the credit account with a deposit account before a credit account delinquency occurs;
utilizing a data management system to determine if the credit account is delinquent;
determining the number of days the credit account is delinquent after a first due date;
utilizing the data management system to automatically collect a first amount from the deposit account if the number of days the credit account is delinquent is at least a first number;
automatically crediting the credit account the first amount; and
if the credit account is not delinquent after the first due date, setting a second due date, the second due date occurring after the first due date.
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Abstract
A method for automatically collecting payment for a credit account includes determining if a credit account is delinquent and determining the number of days the credit account is delinquent. The method includes automatically collecting a first amount from a first account if the number of days the credit account is delinquent comprises at least a first number of days and crediting the credit account the first amount. The first account may comprise a checking account, and the first number of days may comprise twenty days.
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Citations
38 Claims
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1. A method for automatically collecting payment for a credit account, comprising:
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identifying a consumer that has a negative credit history; offering an automatic payment service to the consumer; using one or more computer processors to link the credit account with a deposit account before a credit account delinquency occurs; utilizing a data management system to determine if the credit account is delinquent; determining the number of days the credit account is delinquent after a first due date; utilizing the data management system to automatically collect a first amount from the deposit account if the number of days the credit account is delinquent is at least a first number; automatically crediting the credit account the first amount; and if the credit account is not delinquent after the first due date, setting a second due date, the second due date occurring after the first due date. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 28, 29, 30)
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12. A system for automatically collecting payment for a credit account, comprising:
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an electronic database to store information for a credit account, the information including payment history for the credit account; and a module to; identify a consumer that has a negative credit history; offer an automatic payment service to the consumer; link the credit account with a deposit account before a credit account delinquency occurs; determine if the credit account is delinquent; determine the number of days the credit account is delinquent after a first due date; automatically collect a first amount from the deposit account if the number of days the credit account is delinquent is at least a first number; automatically credit the credit account the first amount; and if the credit account is not delinquent after the first due date, set a second due date, the second due date occurring after the first due date. - View Dependent Claims (13, 14, 15, 16, 17, 18, 19, 20, 31, 32)
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21. A non-transitory computer-accessible medium encoded with computer program code effective to perform the following:
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identify a consumer that has a negative credit history;
offer an automatic payment service to the consumer;
link a credit account with a deposit account before a credit account delinquency occurs;
determine if the credit account is delinquent;
determine the number of days the credit account is delinquent after a first due date;automatically collect a first amount from the deposit account if the number of days the credit account is delinquent is at least a first number; credit the credit account the first amount; and if the credit account is not delinquent after the first due date, set a second due date, the second due date occurring after the first due date. - View Dependent Claims (33, 34)
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22. A system for automatically collecting payment for a credit account;
- comprising;
means for identifying a consumer that has a negative credit history; means for offering an automatic payment service to the consumer; means for linking the credit account with a deposit account before a credit account delinquency occurs; means for determining if the credit account is delinquent; means for determining the number of days the credit account is delinquent after a first due date; means for automatically collecting the first amount from a deposit account if the number of days the credit account is delinquent is at least a first number; means for crediting the credit account the first amount; and if the credit account is not delinquent after the first due date, means for setting a second due date, the second due date occurring after the first due date. - View Dependent Claims (23, 24, 25, 26, 35, 36)
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27. A method for automatically collecting payment for a credit card account, comprising:
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identifying a consumer that has a negative credit history; offering an automatic payment service to the consumer; using one or more computer processors to link the credit account with a deposit account before a credit account delinquency occurs; utilizing a data management system to determine if the credit card account is delinquent; determining the number of days the credit card account is delinquent after a first due date; utilizing the data management system to automatically collect a first amount from a checking account if the number of days the credit card account is delinquent comprises at least twenty, wherein automatically collecting a first amount from a checking account comprises; requesting the first amount from a provider of the checking account through an automated clearinghouse network; and receiving the first amount from the provider of the checking account through the automated clearinghouse network; crediting the credit card account the first amount to bring the credit card account out of delinquency; and if the credit account is not delinquent after the first due date, setting a second due date, the second due date occurring after the first due date. - View Dependent Claims (37, 38)
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Specification