Patent ID: 8121940
Filing Date: 2012-02-21
Classification: G06Q

Abstract:
1. An account default prediction method comprising: calculating, by a computer based system for account default prediction comprising a processor and a tangible, non-transitory memory, a first lender default risk factor based upon a first consumer default risk factor associated with a first consumer, first retail transaction account data associated with said first consumer, a second consumer default risk factor associated with a second consumer, and second retail transaction account data associated with said second consumer, calculating, by said computer based system, a second lender default risk factor based upon a third consumer default risk factor associated with a third consumer, third retail transaction account data associated with said third consumer, a fourth consumer default risk factor associated with a fourth consumer, and fourth retail transaction account data associated with said fourth consumer, ranking, by said computer based system, said first lender and said second lender based on said first lender default risk factor and said second lender default risk factor to create a default risk factor ranking; determining, by said computer based system, first insufficiencies associated with said first lender and second insufficiencies associated with said second lender; creating, by said computer based system, an insufficiency ranking based upon said first lender insufficiencies and said second lender insufficiencies; determining, by said computer based system, that a fifth consumer is associated with at least one said first lender and said second lender; creating, by said computer based system, a final risk index based upon said default risk factor ranking and said insufficiency ranking; and determining, by said computer based system, said account default prediction based upon said association of said fifth consumer with at least one of said first lender and said second lender and said final risk index.