Debt services candidate locator

• US 8,738,516 B1
• Filed: 10/12/2012
• Issued: 05/27/2014
• Est. Priority Date: 10/13/2011
• Status: Active Grant

• Current Assignee: Consumerinfo.com Incorporated (Experian plc)
• Original Assignee: Consumerinfo.com Incorporated (Experian plc)
• Inventors: Dean, Michael John, Kapczynski, Mark Joseph
• Primary Examiner(s): Poinvil, Frantzy
• Application Number:
  US13/651,127
• Time in Patent Office: 592 Days
• Field of Search: 705 10- 44
• US Class Current: 705/38
• 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

Methods and systems are disclosed that identify and locate debt settlement candidates based on credit data associated with the consumer. For example, candidacy may be based on a debt score, generated by an assessment of the consumer'"'"'s credit data. Credit data may include the consumer'"'"'s credit score rank, credit score, revolving credit to debit ratio, credit available, delinquent accounts, negative accounts, instances of negative information on their credit report, public record data, average account age, debit, or a combination thereof.

Claims

1. A method of identifying and locating debt settlement candidates, the method comprising:

receiving a request for a debt score for a consumer;

accessing, from an electronic data store, credit data of the consumer;

calculating, with one or more hardware computer processors, a debt score based on at least the accessed credit data of the consumer, wherein the debt score is within a debt score range including at least two sub-ranges associated with corresponding debt services, wherein the debt score is usable to determine a likelihood of the consumer being eligible for each of multiple debt services; and

providing a requesting entity with the debt score and/or the debt service associated with the sub-range of the calculated debt score.

2. The method of claim 1, wherein the debt services include a debt help service.

3. The method of claim 1, wherein the debt score services include bankruptcy approval.

4. The method of claim 1, wherein the debt score is calculated based on one or more attributes of the credit data that have been pre-selected by the requesting entity.

5. The method of claim 1, wherein the debt score is calculated based on two or more of:

a credit score rank,

a credit score,

a ratio of revolving credit to debt,

an amount of credit available,

a quantity of delinquent accounts,

a quantity of negative accounts,

an average age of tradelines in the credit data, or

a quantity of negative information in the credit data.

6. The method of claim 1, wherein the debt score is further calculated based on one or more of:

public record, debit, demographic, or psychographic information associated with the consumer.

7. The method of claim 5, wherein the credit score rank is a percentage based on a comparison of the consumer'"'"'s credit score with an average of a plurality of consumer credit scores.

8. The method of claim 1, wherein the debt score is usable to estimate an outcome of the debt service associated with the sub-range of the calculated debt.

9. The method of claim 1, wherein the calculated debt score is based on at least the accessed credit data of the consumer and a credit score ranking of the consumer, wherein the credit score ranking indicates a relationship between the credit score of the consumer and credit scores of a plurality of other consumers.