Method and system for financial counseling

• US 20090048957A1
• Filed: 04/02/2008
• Published: 02/19/2009
• Est. Priority Date: 04/02/2007
• Status: Abandoned Application

• Current Assignee: InCharge Institute of America, Inc. (Incharge Debt Solutions, Inc.)
• Original Assignee: InCharge Institute of America, Inc. (Incharge Debt Solutions, Inc.)
• Inventors: Celano, Matthew
• Application Number:
  US12/080,422
• Publication Number:
  US 20090048957A1
• Time in Patent Office: Days
• US Class Current: 705/35
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis

Abstract

Financial institutions providing counseling to costumers have to spend a significant amount of time gathering data from their clients and analyzing that data before offering appropriate financial advice to their customers. Some Debt Management Programs allow costumers to enroll using online systems without appropriate education or counseling. The present invention allows a costumer to obtain financial counseling automatically. A Credit Report Data Integration system, furthermore, streamlines the process by allowing the system to obtain data, with consent of the customer, from the credit bureaus to determine the financial needs of the client. The system allows the counselor to concentrate on counseling the client, instead of dealing with data entry and analysis. Furthermore, the client has the opportunity, if desired, to receive counseling from the system without having to actually meet a counselor.

Claims

1. A method for rendering financial counseling services, such method comprising the steps of:

a. receiving information concerning a debtor'"'"'s financial condition;

b. evaluating such debtor'"'"'s financial condition; and

c. recommending a course of action to improve such debtor'"'"'s financial condition.

2. The method according to claim 1, wherein:

the financial counseling is rendered over a global computer network.

3. The method according to claim 2, wherein:

the global computer network comprises the Internet.

4. The method according to claim 1, wherein the step for receiving information concerning a debtor'"'"'s financial condition further comprises:

a. debtor inputting personal data;

b. debtor inputting income data;

c. debtor inputting expenses data; and

d. debtor inputting debt data.

5. The method according to claim 4, further comprising:

maintaining security of the debtor input personal information, income information, expense information and debt information.