Real-time interactive credit score improvement coach
AssigneeMastercard International Incorporated
InventorJustin Xavier Howe
Life of this patent
Estimating the term…
Abstract
A method and system for providing a credit coaching service for providing real-time recommendations to improve a credit score for a user retrieves credit report data issued from a credit reporting agency for analysis by a processor and initializes datafeeds for accessing in real-time financial transactions by the user from at least one financial source. Corrective actions are determined and alerts transmitted in real-time to the user in response to detection of a real-time financial transaction that adversely affects the user's credit score.
Claims21
A method for providing a credit coaching service for providing real-time recommendations to improve a credit score for a user, the method comprising:
- retrieving credit report data issued from a credit reporting agency;
- accessing in real-time financial transactions by the user from a datastream from at least one financial source;
- and
- determining a corrective action by the processor in response to one of the real-time financial transactions by the user that adversely affects the credit score for the user.
A system for providing a credit coaching service for providing real-time recommendations to improve a credit score for a user, the system comprising:
- a data interface periodically retrieving credit report data issued from a credit reporting agency and accessing in real-time financial transactions by the user over a datastream from at least one financial source;
- a database operatively connected to the data interface, the database receiving and storing the credit report data and real-time financial transactions;
- and
- a processor operatively connected to the database retrieving and analyzing the credit report data and real-time financial transactions, calculating the credit score for the user, and determining a corrective action in response to one of the real-time financial transactions adversely affecting the credit score for the user.
A computer readable medium storing instructions that when executed by a processing device, cause the processing device to provide real-time recommendations to improve a credit score for a user by retrieving credit report data issued from a credit reporting agency, accessing in real-time financial transactions by the user from a datastream from at least one financial source, determining a corrective action in response to one of the real-time financial transactions by the user adversely affecting the credit score for the user, and transmitting an alert comprising the corrective action to the user.
Dependencies are inferred from the claim text.