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Identifying teaser surfers with time series credit history

  • US 8,768,818 B2
  • Filed: 08/18/2008
  • Issued: 07/01/2014
  • Est. Priority Date: 02/16/2000
  • Status: Expired due to Fees
First Claim
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1. A non-transitory recordable-type medium containing a computer program product for identifying teaser surfers, the computer program product comprising:

  • instructions for receiving, by the data processing system, a credit history data for a creditor;

    instructions for calculating, by the data processing system, a first set of sums, wherein each sum in the first set of sums comprises a total credit card debt for all credit cards issued to the creditor for a corresponding, different one month period, and wherein a first total number of sums in the first set of sums equals a predetermined number of months;

    instructions for calculating, by the data processing system, a second set of sums, wherein each sum in the second set of sums comprises a total new credit card debt for all new credit cards issued to the creditor for the corresponding, different one month period, and wherein a second total number of sums in the second set of sums equals the predetermined number of months;

    instructions for calculating, by the data processing system, a third set of percentages, wherein each percentages in the third set of percentages comprises a percentage of new credit card debt to total credit card debt for the corresponding, different one month period, and wherein a third total number of percentages in the third set of percentages equals the predetermined number of months;

    instructions for calculating, by the data processing system, an average percentage of new credit card debt to total credit card debt over the predetermined number of months;

    instructions for comparing, by the data processing system, the average percentage of new credit card debt to total credit card debt to a preset cutoff average percentage, wherein, by comparing, a comparison is formed; and

    instructions for determining, by the data processing system, whether to issue a credit card to the creditor based on the comparison.

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