Methods and systems for actively optimizing a credit score and managing/reducing debt

A system for actively optimizing a credit score and reducing debt, the system comprising:

• an interface configured to receive financial input from a customer;
• a plurality of payees computer configured to transmit bills for services rendered to the customer and to receive payment for the services;
• a credit institution computer configured to generate a credit report for the customer, wherein the credit report includes credit accounts, balance information for the credit accounts, interest rate information for the credit accounts, and interest types for the credit accounts;
• a banking institution computer configured to receive income funds for the customer;
• a payment center coupled with the interface, the plurality of payees, the credit institution, and the banking institution, the payment center configured to dynamically receive the credit report for the customer from the credit institution, to receive bank account information and payroll information from the banking institution, and to receive fixed and variable expense information via the interface;
• and
• wherein the payment center computer includes a fund allocation engine configured to generate a financial report based on an aggregation of the credit report information, the bank account information, payroll information, fixed expense information, and the variable expense information, based at least in part on the financial report, to calculate a payment amount, based at least in part on the payment amount, to determine available income, wherein the available income includes unassigned income, to receive an allocation of the available unassigned income for debt reduction and credit score optimization via the interface, and to dynamically allocate the available unassigned income to pay one or more of the credit accounts, the fixed expenses, and the variable expenses such that the customer's debt is reduced and the customer's credit score is improved, wherein the allocating of the available unassigned income is based on the interest rate of the credit accounts, the interest type of the credit accounts, and the due dates of the credit accounts.

A non-transitory machine readable medium having a set of instructions stored thereon for actively optimizing a credit score and reducing debt which, when executed by a machine, cause the machine to:

• dynamically receive a credit report for the customer, wherein the credit report includes credit accounts, balance information for the credit accounts, interest rate information for the credit accounts, and interest types for the credit accounts;
• receive bank account information and payroll information from the customer;
• receive fixed and variable expense information from the customer;
• generate a financial report based on an aggregation of the credit report information, the bank account information, the payroll information, the fixed expense information, and the variable expense information;
• based at least in part on the financial report, calculate a payment amount;
• based at least in part on the payment amount, determine available income, wherein the available income includes unassigned income;
• receive an allocation of the available unassigned income for debt reduction and credit score optimization;
• and
• dynamically allocate the available income to pay one or more of the credit accounts, the fixed expenses, and the variable expenses such that the customer's debt is reduced and the customer's credit score is improved, wherein the allocating of the available unassigned income is based on the interest rate of the credit accounts, the interest type of the credit accounts, and the due dates of the credit accounts.