Patent ID: 8090649
Filing Date: 2012-01-03
Classification: G06Q

Abstract:
1. A computer-implemented method of adjusting an existing line of credit account, the method comprising of: determining, by a computer associated with a credit provider and configured to control a plurality of existing line of credit accounts, whether a consumer has one or more of the 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, each of the plurality of separate predetermined loan increments being equal in value; determining, by the computer, an estimated tax refund for the consumer responsive to the consumer having one or more of the plurality of existing line of credit accounts; determining, by the computer, a number of separate predetermined loan increments to be added to a total credit limit of the one or more of the plurality of existing line of credit accounts responsive to determining a portion of the estimated tax refund available as borrowing capacity; and increasing, by the computer, the total credit limit of the one or more of the plurality of existing line of credit accounts by the determined number of separate predetermined loan increments to thereby increase existing available credit for the consumer, the increased available credit adapted to be drawn in at least one of the plurality of separate predetermined loan increments.