Patent ID: 7814004
Filing Date: 2010-10-12
Classification: G06Q

Abstract:
1. A method of developing a credit score for an individual consumer comprising: modeling, by a computer-based system comprising a processor and a non-transitory, tangible memory, consumer spending patterns using individual and aggregate consumer data, including tradeline data, internal customer data, and consumer panel data; estimating, by the computer-based system, credit-related information of the individual consumer based on tradeline data of the individual consumer, balance transfers of the individual consumer, and the model of consumer spending patterns, wherein the credit-related information comprises a spend amount associated with the individual consumer; and offsetting, by the computer-based system, the previous balance transfers from the estimated credit-related information; assigning, by the computer-based system, a credit score to the individual consumer based on the estimated credit-related information, wherein the credit score includes an indicator indicating a trend of the consumers' spending over a given time and wherein the indicator is a positive or negative integer.