Dynamic credit score alteration

• US 20110035305A1
• Filed: 10/08/2010
• Published: 02/10/2011
• Est. Priority Date: 10/19/2004
• Status: Active Grant

• Current Assignee: Miritz Incorporated
• Original Assignee: Apollo Enterprise Solutions, Inc. (Apollo Enterprise Solutions, Ltd.)
• Inventors: House, William J. III, Imrey, G. Christopher
• Granted Patent: US 8,903,741 B2
• 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 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03
• CPC Class Codes: G06Q 40/03 Credit; Loans; Processing thereof

Abstract

A method for providing credit score information for a user to the user is provided. The method comprises offering the user an option to obtain information related to a credit score via a computer networking arrangement. The method further determines credit score information once the option is selected by the user, and providing the credit score information determined to the user via the computer networking arrangement.

Claims

1. A method of resolving a debt, comprising:

providing an estimate of a specific amount a user'"'"'s credit score will increase if the debt is resolved;

causing a server to provide the user with the estimate of the amount the user'"'"'s credit score will increase when the debt is resolved and at least one offer to settle the debt selectable by the user to resolve the debt; and

when the user selects at least one offer establishing resolution of the debt, causing the server to provide a positive resolution indication to a credit bureau to facilitate the credit bureau raising the user'"'"'s credit score.

2. The method of claim 1, further comprising enabling the user to select whether the user wishes to receive user credit score information separate from an ability to select at least one offer establishing settlement of the debt.

3. The method of claim 1, wherein the causing the server to contact further comprises:

providing user information to the credit bureau;

providing information regarding a potential debt resolution to the credit bureau; and

receiving, at the server, an estimate of an increase in user credit score if the debt is resolved in a manner as provided to the credit bureau.

4. The method of claim 1, wherein the estimate of the specific numerical amount the user'"'"'s credit score will increase is provided from the server to the user for display at the user computing device at the same time as the at least one offer.

5. The method of claim 1, wherein the estimate of the specific numerical amount the user'"'"'s credit score will increase comprises an anticipated change in credit score over an existing credit score.

6. The method of claim 1, further comprising causing the server to contact the credit bureau to obtain the user'"'"'s current credit score, and computing an estimated increase in the user'"'"'s current credit score estimated by an entity other than the credit bureau, said computing occurring after causing the server to contact the credit bureau.

7. The method of claim 1, further comprising contacting the credit bureau over a communication network connecting the user computing device with the server and wherein said contacting the credit bureau is initiated by said server.

8. A method for settling a debt executed using a server comprising:

from the server, providing a user with an estimate of a specific numerical amount the user'"'"'s credit score will increase when the debt is resolved and at least one offer to settle the debt; and

when the user selects at least one offer establishing settlement of the debt, causing the server to provide a positive resolution indication to a credit bureau to facilitate the credit bureau increasing the user'"'"'s credit score.

9. The method of claim 8, further comprising the server contacting the credit bureau with information pertaining to the debt contemplated to be settled and obtaining information related to an amount the user'"'"'s credit score may increase if the debt is settled.

10. The method of claim 8, further comprising enabling the user to purchase the user'"'"'s credit score information.

11. The method of claim 8, further comprising:

initially contacting a credit bureau to obtain the user'"'"'s credit score; and

determining an improvement to the user'"'"'s credit score separate from and without further contacting the credit bureau.

12. The method of claim 8, further comprising:

providing user information to the credit bureau; and

providing information regarding a potential debt resolution to the credit bureau.

13. The method of claim 12, wherein the specific numerical amount the user'"'"'s credit score will increase when the debt is resolved comprises an improved credit score.

14. The method of claim 12, wherein the specific numerical amount the user'"'"'s credit score will increase when the debt is resolved comprises an anticipated change in credit score over an existing credit score.

15. The method of claim 8, further comprising enabling the user to select whether the user wishes to receive user credit score information separate from an ability to select at least one offer establishing settlement of the debt.

16. The method of claim 8, wherein said providing is performed by the server.

17. A method for settling a debt, comprising:

causing a server to offer a user an option to obtain information related to a credit score as part of a debt resolution transaction of a preexisting debt owed by the user to a third party;

determining an estimate of user credit score increase when the debt is resolved based on the user credit score information obtained at the server;

providing the user, via the user computing device, with the estimate of user credit score increase when the debt is resolved and at least one offer to settle the debt; and

when the user selects at least one offer establishing settlement of the debt using the user computing device, causing the server to provide a positive resolution indication to the credit bureau.

18. The method of claim 17, further comprising contacting the credit bureau with information pertaining to the transaction contemplated to be settled and obtaining credit bureau credit score information.

19. The method of claim 17, further comprising enabling the user to select whether the user wishes to receive user credit score information separate from an ability to select at least one offer establishing settlement of the debt.

20. The method of claim 17, further comprising:

providing user information to the credit bureau;

providing information regarding a potential the resolution to the credit bureau; and

receiving an estimate of an increase in user credit score if the debt is resolved in a manner as provided to the credit bureau.