Modeling responsible consumer debt consolidation behavior
AssigneeFair Isaac Corporation
InventorsJeffrey A. Feinstein, Shane De Zilwa
Life of this patent
Estimating the term…
Abstract
A request to generate a consolidation risk score that characterizes a likelihood of a change in a level of creditworthiness of an individual following a consolidation of debt of the individual using a secured line of credit is received. Thereafter, future credit balance increases are estimated for the individual using a predictive model trained using historical creditworthiness data of a plurality of consolidators. These estimated future balance increases are then associated with a consolidation risk score so that such score can be provided. Related apparatus, systems, techniques, and articles are also described.
Claims23
An article comprising a machine-readable medium embodying instructions that when performed by one or more machines result in operations comprising:
- receiving a request to generate a consolidation risk score, the consolidation risk score characterizing a likelihood of a change in a level of creditworthiness of an individual following a consolidation of debt of the individual using a secured line of credit;
- estimating future credit balance increases for the individual using a predictive model trained using historical creditworthiness data of a plurality of consolidators;
- associating the estimated future balance increases with a consolidation risk score;
- and
- initiating provision of the consolidation risk score.
Method for implementation by one or more data processors comprising:
- receiving, by at least one data processor, a request to generate a consolidation risk score, the consolidation risk score characterizing a likelihood of a change in a level of creditworthiness of an individual following a consolidation of debt of the individual using a secured line of credit;
- estimating, by at least one data processor, future credit balance increases for the individual using a predictive model trained using historical creditworthiness data of a plurality of consolidators;
- associating, by at least one data processor, the estimated future balance increases with a consolidation risk score;
- and
- initiating, by at least one data processor, provision of the consolidation risk score.
An apparatus comprising:
- means for receiving a request to generate a consolidation risk score, the consolidation risk score characterizing a likelihood of a change in a level of creditworthiness of an individual following a consolidation of debt of the individual using a secured line of credit;
- means for estimating future credit balance increases for the individual using a predictive model trained using historical creditworthiness data of a plurality of consolidators;
- means for associating the estimated future balance increases with a consolidation risk score;
- and
- means for initiating provision of the consolidation risk score.
An article comprising a machine-readable medium embodying instructions that when performed by one or more machines result in operations comprising:
- receiving a request to generate a consolidation risk score in response to a secured debt consolidation event, the consolidation risk score characterizing a likelihood of a change in a level of creditworthiness of an individual following a consolidation of debt of the individual using a home equity line of credit;
- estimating future masterfile balance increases for the individual using a predictive model trained using historical creditworthiness data of a plurality of consolidators derived from credit bureau data;
- associating the estimated future masterfile balance increases with a consolidation risk score;
- and
- initiating provision of the consolidation risk score.
An article comprising a machine-readable medium embodying instructions that when performed by one or more machines result in operations comprising:
- receiving a request to generate a consolidation risk score, the consolidation risk score characterizing a likelihood of a change in a level of creditworthiness of an individual following a consolidation of debt of the individual using a secured line of credit;
- estimating future payment delinquencies for the individual using a predictive model trained using historical creditworthiness data of a plurality of consolidators;
- associating the estimated future payment delinquencies with a consolidation risk score;
- and
- initiating provision of the consolidation risk score.
Dependencies are inferred from the claim text.