System and method for managing consumer information

A computer readable medium containing executable program instructions for a computer implemented method regarding a consumer's credit, comprising:

• (a) instructions for obtaining a credit report regarding a consumer from one or more credit bureaus;
• wherein a computerized system provider executed by a computing system that maintains a database regarding consumer credit information obtains the credit report;
• (b) instructions for presenting the credit report to the consumer with suggestions to improve consumer credit;
• wherein the credit report is presented within a user interface displayed on display device and the computerized system provider executed by the computing system provides the suggestions;
• and wherein the user interface provides the consumer with a first option to initiate an offer of compromise, a second option for disputing an entry in the credit report directly with a creditor and a third option for declaring identity theft and electronically notifying one or more entities of consumer's identity theft;
• (c) instructions for initiating an offer of compromise from the consumer to a creditor to settle a debt, based on a credit report entry;
• wherein the consumer initiates the offer of compromise electronically by selecting the first option from the user interface;
• (d) instructions for submitting the offer of compromise to the creditor;
• wherein the computerized system provider executed by the computing system electronically submits the offer of compromise directly to the creditor;
• (e) instructions for transferring a payment directly to the creditor to settle the debt, upon acceptance of the electronically submitted offer of compromise by the creditor;
• wherein the computerized system provider executed by the computing system transfers the payment to the creditor;
• (f) instructions for notifying one or more credit bureaus regarding the debt settlement in step (e);
• wherein the computerized system provider executed by the computing system notifies the one or more credit bureaus;
• (g) instructions for selecting the second option to dispute an entry in the credit report directly with the creditor;
• wherein before the entry is disputed with the creditor, the computerized system provider executed by the computing system reviews historical data regarding the consumer to verify if the consumer has disputed entries with the creditor or other creditors;
• and wherein the entry is not disputed and the consumer is notified if historical disputes by the consumer were held to be without merit;
• and the entry is disputed with the creditor when historical disputes by the consumer were valid;
• and
• (h) instructions for selecting the third option from the user interface to declare identity theft;
• wherein the computerized system provider executed by the computing system notifies one or more credit bureaus to block consumer credit accounts for a certain duration after identify theft is declared;
• and wherein the computerized system provider executed by the computing system notifies one or more entities of the identity theft.

A computer program product, comprising:

• a non-transitory computer usable storage medium having computer readable code embodied therein for a computer implemented method regarding a consumer's credit;
• said computer readable code includes:
• (a) code for obtaining a credit report regarding a consumer from one or more credit bureaus;
• wherein a computerized system provider executed by a computing system that maintains a database regarding consumer credit information obtains the credit report;
• (b) code for presenting the credit report to the consumer with suggestions to improve consumer credit;
• wherein the credit report is presented within a user interface displayed on display device and the computerized system provider executed by the computing system provides the suggestions;
• and wherein the user interface provides the consumer with a first option to initiate an offer of compromise, a second option for disputing an entry in the credit report directly with a creditor and a third option for declaring identity theft and electronically notifying one or more entities of consumer's identity theft;
• (c) code for initiating an offer of compromise from the consumer to a creditor to settle a debt, based on a credit report entry;
• wherein the consumer initiates the offer of compromise electronically by selecting the first option from the user interface;
• (d) code for submitting the offer of compromise to the creditor;
• wherein the computerized system provider executed by the computing system electronically submits the offer of compromise directly to the creditor;
• (e) code for transferring a payment directly to the creditor to settle the debt, upon acceptance of the electronically submitted offer of compromise by the creditor;
• wherein the computerized system provider executed by the computing system transfers the payment to the creditor;
• (f) code for notifying one or more credit bureaus regarding the debt settlement in step (e);
• wherein the computerized system provider executed by the computing system notifies the one or more credit bureaus;
• (g) code for selecting the second option to dispute an entry in the credit report directly with the creditor;
• wherein before the entry is disputed with the creditor, the computerized system provider executed by the computing system reviews historical data regarding the consumer to verify if the consumer has disputed entries with the creditor or other creditors;
• and wherein the entry is not disputed and the consumer is notified if historical disputes by the consumer were held to be without merit;
• and the entry is disputed with the creditor when historical disputes by the consumer were valid;
• and
• (h) code for selecting the third option from the user interface to declare identity theft;
• wherein the computerized system provider executed by the computing system notifies one or more credit bureaus to block consumer credit accounts for a certain duration after identify theft is declared;
• and wherein the computerized system provider executed by the computing system notifies one or more entities of the identity theft.