Patent ID: 8296227
Filing Date: 2012-10-23
Classification: G06Q

Abstract:
1. A computer-implemented method of issuing a line of credit account based on an estimated tax refund, the method comprising of: determining, by a computer associated with a credit provider and configured to control a plurality of line of credit accounts, whether a consumer has one or more of a plurality of existing line of credit accounts, each of the plurality of existing line of credit accounts adapted to be drawn in at least one of a plurality of separate predetermined loan increments; determining, by the computer, an estimated tax refund for the consumer; and issuing, by the computer, a new line of credit account for the consumer, the new line of credit account being responsive to the consumer not having one or more of the plurality of existing line of credit accounts and further being responsive to the estimated tax refund, the new line of credit account further adapted to be drawn in at least one of the plurality of separate predetermined loan increments, each of the plurality of separate predetermined loan increments being equal in value so that a total value of a loan advance fee equals a predetermined loan advance fee multiplied by a number of separate predetermined loan increments drawn by the consumer.