Patent ID: 7472090
Filing Date: 2008-12-30
Classification: G06Q,G07F

Abstract:
1. A method for providing a first credit limit and a second credit limit for a credit account associated with a credit customer, comprising: opening the credit account for the credit customer; determining the first credit limit for the credit account using only a credit rating of the credit customer; receiving a request for an additional credit limit for the credit account from a guarantor other than the credit customer, wherein the additional credit limit increases a total credit limit to an amount greater than the first credit limit; determining the second credit limit for the credit account using credit information concerning the guarantor and the additional credit limit requested by the guarantor, wherein the second credit limit increases the total credit limit to an amount greater than the first credit limit, the second credit limit comprises an amount that is equal to or less than the additional credit limit by the guarantor, and the second credit limit simultaneously coexists with the first credit limit; and forming an agreement with the guarantor that the guarantor is responsible for paying a portion of an unpaid balance of the credit account that exceeds the first credit limit and is equal to or less than the second credit limit.