Debt trending systems and methods
First Claim
Patent Images
1. A method of providing debt information for a plurality of debt accounts associated with a user, the method comprising:
- receiving consumer information identifying a consumer;
transmitting at least some of the consumer information to a credit data source that maintains historical credit information for a plurality of consumers;
receiving credit information associated with the consumer from the credit data source;
detecting, by a computing device, a plurality of financial accounts in the received credit information;
for each of the plurality of financial accounts;
determining, by the computing device, an outstanding balance, a periodic minimum payment amount, and a payoff date;
determining, by the computing device, a total estimated outstanding balance for the consumer based at least in part on the respective outstanding balances for each of the plurality of financial accounts;
determining, by the computing device, a total minimum monthly payment amount based at least in part on the respective periodic minimum payment amounts and payoff dates for each of the plurality of financial accounts;
receiving a selected payoff date from the consumer indicating when the consumer would like to have all of the plurality of financial accounts paid in full; and
determining a total periodic payment amount indicating an amount the consumer must pay on a periodic basis toward the plurality of financial accounts to pay off all of the plurality of financial accounts by the selected payoff date, the total periodic payment amount determined based on at leastthe total estimated outstanding balance,the total minimum monthly payment amount,the selected payoff date, andthe payoff dates associated with each of the plurality of financial accounts.
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Accused Products
Abstract
A debt trending device accesses credit reports and/or other financial data that is available from one or more financial data sources, for a user and extracts financial account information. The debt trending device may then analyze the account information in order to generate debt trending information that indicates in the form of lists, tables, graphs, charts, etc., information regarding multiple debt accounts associated with the user.
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Citations
24 Claims
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1. A method of providing debt information for a plurality of debt accounts associated with a user, the method comprising:
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receiving consumer information identifying a consumer; transmitting at least some of the consumer information to a credit data source that maintains historical credit information for a plurality of consumers; receiving credit information associated with the consumer from the credit data source; detecting, by a computing device, a plurality of financial accounts in the received credit information; for each of the plurality of financial accounts; determining, by the computing device, an outstanding balance, a periodic minimum payment amount, and a payoff date; determining, by the computing device, a total estimated outstanding balance for the consumer based at least in part on the respective outstanding balances for each of the plurality of financial accounts; determining, by the computing device, a total minimum monthly payment amount based at least in part on the respective periodic minimum payment amounts and payoff dates for each of the plurality of financial accounts; receiving a selected payoff date from the consumer indicating when the consumer would like to have all of the plurality of financial accounts paid in full; and determining a total periodic payment amount indicating an amount the consumer must pay on a periodic basis toward the plurality of financial accounts to pay off all of the plurality of financial accounts by the selected payoff date, the total periodic payment amount determined based on at least the total estimated outstanding balance, the total minimum monthly payment amount, the selected payoff date, and the payoff dates associated with each of the plurality of financial accounts. - View Dependent Claims (2, 3, 4, 5, 6)
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7. A method of providing debt information for a plurality of debt accounts associated with a user, the method comprising:
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receiving consumer information identifying a consumer; transmitting at least some of the consumer information to a credit data source that maintains historical credit information for a plurality of consumers; receiving credit information associated with the consumer from the credit data source; detecting, by a computing device, a plurality of financial accounts in the received credit information; for each of the plurality of financial accounts; determining, by the computing device, an outstanding balance, a periodic minimum payment amount, and a payoff date; determining, by the computing device, a total estimated outstanding balance for the consumer based at least in part on the respective determined outstanding balances for at least two of the plurality of financial accounts; determining, by the computing device, a total minimum monthly payment amount based at least based at least in part on the respective determined periodic minimum payment amounts and payoff dates for at least two of the plurality of financial accounts; receiving a selected periodic payment amount from the consumer indicating the amount consumer would like pay toward the detected plurality of financial accounts; and determining an estimated pay-off date indicating the date when all of the detected plurality of financial accounts are likely to be paid in full, the estimated pay-off date determined based on at least the total estimated outstanding balance, the total minimum monthly payment amount, the selected periodic payment amount, and the payoff date associated with each of the plurality of financial accounts. - View Dependent Claims (8, 9, 10, 11, 12)
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13. A system for providing debt information for a plurality of debt accounts associated with a user, the system comprising:
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a processor; a non-transitory, tangible computer readable medium storing software instructions configured for execution by the processor, the instructions configured to cause the system to; receive consumer information identifying a consumer; access credit information associated with the consumer from a credit data source; detect financial accounts in the accessed credit information; for each of the detected financial accounts; determine an outstanding balance, a periodic minimum payment amount, and a payoff date; determine a total estimated outstanding balance for the consumer based at least in part on the respective determined outstanding balances for each of the detected financial accounts; determine a total minimum monthly payment amount based at least in part on the respective determined periodic minimum payment amounts and payoff dates for each of the detected financial accounts; receive a selected payoff date from the consumer indicating when the consumer would like to have each of the one or more financial accounts paid in full; and determine a total monthly payment amount indicating an amount the consumer must pay toward the determined financial accounts to pay off all of the detected financial accounts by the selected payoff date, the total monthly payment amount determined based on at least the total estimated outstanding balance, the total minimum monthly payment amount, the selected payoff date, and the payoff date associated with each of the detected financial accounts. - View Dependent Claims (14, 15, 16, 17, 18)
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19. A system for providing debt information for a plurality of debt accounts associated with a user, the system comprising:
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a processor; a non-transitory, tangible computer readable medium storing software instructions configured for execution by the processor, the instructions causing the processor to; receive consumer information identifying a consumer; access credit information associated with the consumer from a credit data source; detect a plurality of financial accounts in the accessed credit information; for at least two of the detected financial accounts; determine an outstanding balance, a periodic minimum payment amount, and a payoff date; determine a total estimated outstanding balance for the consumer based at least in part on the determined outstanding balances for the at least two detected financial accounts; determine a total minimum monthly payment amount based at least in part on the determined periodic minimum payment amounts and payoff dates for the at least two detected financial accounts; receive a selected periodic payment amount indicating the amount consumer would like pay toward the at least two of the plurality of financial accounts; and determine an estimated pay-off date indicating the date when all of the at least two of the plurality financial accounts are likely to be paid in full, the estimated pay-off date determined based on at least the total estimated outstanding balance, the total minimum monthly payment amount, the selected periodic payment amount, and the payoff date associated with each of the plurality of financial accounts. - View Dependent Claims (20, 21, 22, 23, 24)
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Specification