Patent ID: 8131635
Filing Date: 2012-03-06
Classification: G06Q

Abstract:
1. A method to manage a credit portfolio and to trigger credit actions, comprising: reviewing a status of at least one creditor at predetermined time intervals through the use of a computing device processor, wherein each of the at least one creditor having an outstanding loan from an entity; identifying at least one status indicator for a creditor; selecting the creditor to review; generating a series of inquiries with reference to the creditor, wherein the series of inquires comprises a series of questions designed to elicit information related to the creditor; presenting the inquiries to a user associated with the entity; determining a quantity of triggers flagged for the selected creditor based on the responses to the inquiries from the user associated with the entity; determining if a key risk review is necessary for the creditor in response to the quantity of flagged triggers being greater than a predetermined number, wherein the key risk review is determined to be necessary if the selected creditor corresponds to a predetermined loss to the entity in the event the creditor becomes bankrupt; and conducting a key risk review in response to determining that a key risk review is necessary, wherein the key risk review comprises reviewing actions to reduce exposure or loss.