Patent ID: 8762262
Filing Date: 2014-06-24
Classification: G06Q

Abstract:
1. A method for automatically collecting payment for a credit account, comprising: identifying a consumer that has a negative credit history; offering an automatic payment service to the consumer; using one or more computer processors to link the credit account with a deposit account before a credit account delinquency occurs; utilizing a data management system to determine if the credit account is delinquent; determining the number of days the credit account is delinquent after a first due date; utilizing the data management system to automatically collect a first amount from the deposit account if the number of days the credit account is delinquent is at least a first number; automatically crediting the credit account the first amount; and if the credit account is not delinquent after the first due date, setting a second due date, the second due date occurring after the first due date.