Financial responsibility indicator system and method

• US 10,803,513 B1
• Filed: 09/14/2012
• Issued: 10/13/2020
• Est. Priority Date: 09/16/2011
• Status: Active Grant

• Current Assignee: Credit Sesame, Inc.
• Original Assignee: Credit Sesame, Inc.
• Inventors: Nazari, Amir Adrian, Donn, Sean
• Primary Examiner(s): Hamilton, Sara C
• Application Number:
  US13/620,592
• Time in Patent Office: 2,951 Days
• Field of Search: 705 35
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes

Abstract

A network device accesses a server via a network to collect information from a user and to verify identification of the user. Financial information of the user is accessed from one or more sources other than the user. An indicator of financial responsibility is assigned to the user based on the collected information and the accessed financial information of the user. The indicator of financial responsibility is disclosed to other persons under conditions selected by the user by communicating the indicator of financial responsibility via the network to one or more network devices.

Claims

1. A system, comprising:

a computer data store comprising a plurality of graphic icons that can be displayed on webpages over a computer network;

at least one computer server coupled to the computer data store, the at least one computer server configured to;

receive, via a webpage of the web portal, and over the computer network from a network device of a user, financial information related to the user, the financial information including an existing debt liability of the user, wherein the at least one computer server hosts the web portal including the webpage and another webpage;

perform an analysis on the financial information, wherein the analysis determines whether the existing debt liability of the user can be improved, and wherein the analysis includes;

generating at least a plurality of thousand restructured debt scenarios from the existing debt liability from the user,

selecting restructured debt scenarios for which the user qualifies based on qualification guidelines of each lender of each lending product in each restructured debt scenario from the at least plurality of thousand restructured debt scenarios, and

deriving statistical models for future levels of payments on each lending product in the selected restructured debt scenarios;

determine a level of financial responsibility of the user based on the analysis;

select a graphic icon out of the plurality of graphic icons from the computer data store, the graphic icon representing the level of financial responsibility determined for the user;

display, via the another webpage of the web portal, and over the computer network, to the network device of the user, the graphic icon associated with the level of financial responsibility determined for the user; and

provide, via the another webpage of the web portal, and over the computer network to the network device of the user, at least one of an embeddable software code or uniform resource locator (URL) web link, wherein the embeddable software code or URL web link can display the graphic icon associated with the level of financial responsibility determined for the user, over the computer network, to a network device of another party.

2. The system of claim 1, wherein the graphic icon represents a badge of financial responsibility.

3. The system of claim 1, wherein the financial information further comprises a credit report or credit score obtained from a credit reporting agency.

4. The system of claim 1, wherein the financial information further includes records related to a real property owned by the user, from computer databases maintained by public or private agencies, wherein the records includes an estimate of a value of the real property and information regarding any loans taken out on the real property.

5. The system of claim 1, wherein the financial information further comprises at least one of a loan to asset values for the user, a debt level of the user, a credit usage of the user, a ratio of debt payments to income of the user, an interest rate of a loan of the user, or a loan term of a debt of the user compared to terms of prevailing market loans.

6. The system of claim 1, wherein the financial information comprises records that describe real property of the user.

7. A non-transitory computer readable medium comprising instructions which when executed by a processing system of at least one computer server performs a method, comprising:

receiving, via a webpage of a web portal, and over a computer network from a network device of a user, financial information related to the user, the financial information including an existing debt liability of the user, wherein the at least one computer server hosts the web portal including the webpage and another webpage;

performing an analysis on the financial information, wherein the analysis determines whether the existing debt liability of the user can be improved, and wherein the analysis includes;

generating at least a plurality of thousand restructured debt scenarios from the existing debt liability from the user,

selecting restructured debt scenarios for which the user qualifies based on qualification guidelines of each lender of each lending product in each restructured debt scenario from the at least plurality of thousand restructured debt scenarios, and

deriving statistical models for future levels of payments on each lending product in the selected restructured debt scenarios;

determining a level of financial responsibility of the user based on the analysis;

selecting a graphic icon out of a plurality of graphic icons from a computer data store coupled to the processing system, the graphic icon representing the level of financial responsibility determined for the user;

displaying, via the another webpage of the web portal, and over the computer network, to the network device of the user, the graphic icon associated with the level of financial responsibility determined for the user; and

providing, via the another webpage of the web portal, and over the computer network to the network device of the user, at least one of an embeddable software code or uniform resource locator (URL) web link, wherein the embeddable software code or URL web link can display the graphic icon associated with the level of financial responsibility determined for the user, over the computer network, to a network device of another party.

8. The non-transitory computer readable medium of claim 7, wherein the graphic icon represents a badge of financial responsibility.

9. The non-transitory computer readable medium of claim 7, wherein the financial information further comprises a credit report or credit score obtained from a credit reporting agency.

10. The non-transitory computer readable medium of claim 7, wherein the financial information further includes records related to a real property owned by the user, from computer databases maintained by public or private agencies, wherein the records includes an estimate of a value of the real property and information regarding any loans taken out on the real property.

11. The non-transitory computer readable medium of claim 7, wherein the financial information further comprises at least one of a loan to asset values for the user, a debt level of the user, a credit usage of the user, a ratio of debt payments to income of the user, an interest rate of a loan of the user, or a loan term of a debt of the user compared to terms of prevailing market loans.

12. The non-transitory computer readable medium of claim 7, wherein the financial information comprises records that describe real property of the user.

13. A method, comprising:

receiving, by at least one computer server, via a webpage of a web portal, and over a computer network from a network device of a user, financial information related to the user, the financial information including an existing debt liability of the user, wherein the at least one computer server hosts the web portal including the webpage and another webpage;

performing, by the at least one computer server, an analysis on the financial information, wherein the analysis determines whether the existing debt liability of the user can be improved, and wherein the analysis includes;

generating, by the at least one computer server, at least a plurality of thousand restructured debt scenarios from the existing debt liability from the user,

selecting, by the at least one computer server, restructured debt scenarios for which the user qualifies based on qualification guidelines of each lender of each lending product in each restructured debt scenario from the at least plurality of thousand restructured debt scenarios, and

deriving, by the at least one computer server, statistical models for future levels of payments on each lending product in the selected restructured debt scenarios;

determining, by the at least one computer server, a level of financial responsibility of the user based on the analysis;

selecting, by the at least one computer server, a graphic icon out of a plurality of graphic icons from a computer data store coupled to the at least one computer server, the graphic icon representing the level of financial responsibility determined for the user;

displaying, by the at least one computer server, via the another webpage of the web portal, and over the computer network, to the network device of the user, the graphic icon associated with the level of financial responsibility determined for the user;

providing, by the at least one computer server, via the another webpage of the web portal, and over the computer network to the network device of the user, at least one of an embeddable software code or uniform resource locator (URL) web link, wherein the embeddable software code or URL web link can display the graphic icon associated with the level of financial responsibility determined for the user, over the computer network, to a network device of another party.

14. The method of claim 13, wherein the graphic icon represents a badge of financial responsibility and wherein the financial information further comprises a credit report or credit score obtained from a credit reporting agency.

15. The method of claim 13, wherein the financial information further includes records related to a real property owned by the user, from computer databases maintained by public or private agencies, wherein the records includes an estimate of a value of the real property and information regarding any loans taken out on the real property.

16. The method of claim 13, wherein the financial information further comprises at least one of a loan to asset values for the user, a debt level of the user, a credit usage of the user, a ratio of debt payments to income of the user, an interest rate of a loan of the user, or a loan term of a debt of the user compared to terms of prevailing market loans.

17. The method of claim 13, wherein the financial information comprises records that describe real property of the user.