Credit utilization tracking and reporting

A computer system for generating alerts based on triggering one or more threshold conditions, the computer system comprising:

• one or more computer processors configured to execute instructions;
• and
• a non-transitory data store configured to store instructions comprising:
• a utilization tracking module which is configured to:
• access, from a credit bureau, credit data of a consumer, the credit data of the consumer including personalized financial data of the consumer including a credit score and account information for each of a plurality of credit lines of the consumer;
• calculate a first historical credit utilization associated with a first credit line by calculating the consumer's credit utilization of the first credit line at multiple points in time, wherein credit utilization of the first credit line at each point in time indicates a relationship between a total credit limit of the first credit line and an available credit amount for the first credit line at the respective multiple points in time;
• calculate a second historical credit utilization associated with a first credit line by calculating the consumer's credit utilization of the second credit line at multiple points in time, wherein credit utilization of the second credit line at each point in time indicates a relationship between a total credit limit of the first credit line and an available credit amount for the second credit line at the respective multiple points in time;
• calculate a first historical percentage credit utilization for the first credit line based on the first historical credit utilization associated with the first credit line of the consumer;
• calculate a second historical percentage credit utilization for the second credit line based on the second historical credit utilization associated with the second credit line of the consumer;
• set a first historical credit utilization threshold based at least partly on the first historical percentage credit utilization associated with the first credit line of the consumer, wherein the first historical usage threshold is set to be equal to or greater than the first historical percentage credit utilization associated with the first credit line;
• set a second historical credit utilization threshold based at least partly on the second historical percentage credit utilization associated with the second credit line of the consumer, wherein the second historical usage threshold is set to be equal to or greater than the second historical percentage credit utilization associated with the second credit line, and the second historical usage threshold is different than the first historical usage threshold;
• periodically access updated credit data of the consumer from the credit bureau;
• calculate a first current credit utilization of the first credit line based on the periodically accessed updated credit data;
• and
• calculate a second current credit utilization of the second credit line based on the periodically accessed updated credit data;
• a user interface module which is configured to:
• generate a user interface configured for rendering on a computing device of the consumer, the user interface comprising:
• a first user interface element indicating current credit utilizations of respective credit lines of the plurality of credit lines;
• a second user interface element indicating historical credit utilization thresholds for respective credit lines of the plurality of credit lines, wherein the second user interface element is further configured to enable the consumer to adjust the historical credit utilization thresholds for the respective credit lines of the plurality of credit lines;
• and
• a third user interface element, selectable by the consumer, enabling the consumer to add custom credit utilization thresholds for respective credit lines of the consumer;
• and
• a reporting and alert module which is configured to:
• in response to determining that the first or the second current credit utilization exceeds the respective historical credit utilization threshold or a custom credit utilization threshold, the reporting and alert module is triggered to:
• generating an electronic notification to the consumer indicating that the consumer has exceeded the respective historical credit utilization threshold or the custom credit utilization threshold for the first or the second credit line, and
• causing transmission of the electronic notification over a wireless communication channel to a wireless device of the consumer, wherein the electronic notification activates an application on the wireless device to cause the electronic notification including a link to a webpage to display on the wireless device of the consumer to enable connection to the computer system over the Internet to access the webpage.

A non-transitory computer-readable storage medium for generating alerts based on triggering one or more threshold conditions, the non-transitory computer-readable storage medium comprising computer-executable instructions that direct a computing system to:

• access, from a credit bureau, credit data of a consumer, the credit data of the consumer including personalized financial data of the consumer including a credit score and account information for each of a plurality of credit lines of the consumer;
• determine a default high threshold indicating a credit usage level at which a credit score of the consumer may be affected by credit utilization above the default high threshold, wherein the credit usage level at which the credit score of the consumer may be affected is determined based on the credit data accessed from a credit bureau and/or one or more credit score formulae used by the credit bureau, wherein the default high threshold is with reference to each of the plurality of credit lines;
• calculate a first historical credit utilization associated with a first credit line by calculating the consumer's credit utilization of the first credit line at multiple points in time, wherein the credit utilization of the first credit line at each point in time indicates a relationship between a total credit limit of the first credit line and an available credit amount for the first credit line at the respective multiple points in time;
• calculate a first historical credit utilization associated with a first credit line by calculating the consumer's credit utilization of the first credit line at multiple points in time, wherein the credit utilization of the first credit line at each point in time indicates a relationship between a total credit limit of the first credit line and an available credit amount for the first credit line at the respective multiple points in time;
• calculate a first historical percentage credit utilization for the first credit line based on the first historical credit utilization associated with the first credit line of the consumer;
• calculate a second historical percentage credit utilization for the second credit line based on the second historical credit utilization associated with the second credit line of the consumer;
• set a first historical usage threshold based on the first historical percentage credit utilization associated with the first credit line of the consumer, wherein the first historical usage threshold is set to be equal to or greater than the first historical percentage credit utilization associated with the first credit line;
• set a second historical usage threshold based on the second historical percentage credit utilization associated with the second credit line of the consumer, wherein the second historical usage threshold is set to be equal to or greater than the second historical percentage credit utilization associated with the second credit line and the second historical usage threshold is different than the first historical usage threshold;
• calculate a first current credit utilization of the first credit line based on the accessed credit data;
• and
• calculate a second current credit utilization of the second credit line based on the accessed credit data;
• in response to determining that the first or the second current credit utilization exceeds the historical usage threshold,
• trigger a first electronic notification indicating that the consumer has exceeded the historical usage threshold for the first credit line, and
• cause transmission of the first electronic notification over a wireless communication channel to a wireless device of the consumer, wherein the first electronic notification activates an application on the wireless device to cause the first electronic notification including a link to a webpage to display on the wireless device of the consumer to enable connection to the computer system over the Internet to access the webpage;
• and
• in response to determining that the first or the second current credit utilization exceeds the default high threshold, trigger a second electronic notification to the consumer suggesting:
• lowering the current credit utilization for the first or the second credit line, switching to a credit line with the lower current credit utilization, or moving debt from the credit line exceeding the high threshold to one or more other credit lines,
• wherein the second electronic notification is transmitted over the wireless communication channel to cause the second electronic notification to be displayed on the wireless device.