Systems and methods for decisioning or approving a financial credit account based on a customer's check-writing behavior
AssigneeCapital One Financial Corporation
InventorRobert Dwane Wokaty, Jr.
Life of this patent
Estimating the term…
Abstract
Embodiments consistent with the invention provide a computer-implemented method for determining a credit risk associated with a customer. The method comprises receiving a credit request from the customer, electronically requesting check-writing behavior information associated with the customer, electronically determining the credit risk of the customer based at least in part on the check-writing behavior information associated with the customer, and presenting a determination of credit eligibility based on the credit risk to the customer.
Claims19
A computer-implemented method for determining a credit risk associated with a customer, comprising:
- receiving a credit request from the customer,
- wherein the credit request includes demographic information related to the customer and includes a request for at least one of an installment loan, a credit card product, an auto loan, or a mortgage;
- electronically receiving check-writing behavior information associated with the customer, wherein the check-writing behavior information includes information regarding whether the customer is associated with one or more bad checks;
- electronically receiving credit bureau information reflecting a credit worthiness of the customer determined by a credit bureau;
- electronically determining the credit risk of the customer for the credit request based on a determined combination of factors related to the demographic information, the check-writing behavior information associated with the customer, and the credit bureau information;
- determining a credit eligibility for the customer based on the determined credit risk;
- and
- presenting the determination of credit eligibility to the customer.
A system for determining a credit risk associated with a customer, comprising:
- a component that receives a credit request from the customer,
- wherein the credit request includes demographic information related to the customer and includes a request for at least one of an installment loan, a credit card product, an auto loan, or a mortgage;
- a component that electronically receives check-writing behavior information associated with the customer, wherein the check-writing behavior information includes information regarding whether the customer is associated with one or more bad checks;
- a component that electronically receives credit bureau information reflecting a credit worthiness of the customer determined by a credit bureau;
- a component electronically determines the credit risk of the customer for the credit request based on a determined combination of factors related to the demographic information, the check-writing behavior information associated with the customer, and the credit bureau information;
- a component that determines a credit eligibility for the customer based on the determined credit risk;
- and
- a component for presenting the determination of credit eligibility to the customer.
A computer readable storage medium storing a program for that, when executed by a processor, performs a method for determining a credit risk associated with a customer, the method comprising:
- receiving a credit request from the customer,
- wherein the credit request includes demographic information related to the customer and includes a request for at least one of an installment loan, a credit card product, an auto loan, or a mortgage;
- receiving check-writing behavior information associated with the customer, wherein the check-writing behavior information includes information regarding whether the customer is associated with one or more bad checks;
- receiving credit bureau information reflecting a credit worthiness of the customer determined by a credit bureau;
- determining the credit risk of the customer for the credit request based on a determined combination of factors related to the demographic information, the check-writing behavior information associated with the customer, and the credit bureau information;
- determining a credit eligibility for the customer based on the determined credit risk;
- and
- presenting the determination of credit eligibility to the customer.
Dependencies are inferred from the claim text.