Patent ID: 8380620
Filing Date: 2013-02-19
Classification: G06Q

Abstract:
1. A method for income curtailment protection, the method comprising: determining if a borrower qualifies for the income curtailment protection, wherein qualification for the income curtailment protection is based at least in part on loan procurement of the borrower, wherein the loan requires periodic payments; offering income curtailment protection to the borrower upon the determination of borrower qualification; determining, after the borrower has enrolled in income curtailment protection, if income curtailment has occurred for the borrower, wherein income curtailment is a reduction in income such that the borrower is in jeopardy of not paying the periodic payments of the loan; determining, performed by a computer, at least a portion of the periodic payments of the loan to cover on behalf of the borrower in response to income curtailment being determined to have occurred, comprising: covering the at least a portion of the periodic payments on behalf of the borrower, wherein the covering the at least a portion of the periodic payments on behalf of the borrower occurs by an entity other than the borrower and the borrower is not obligated to repay any portion of the amount covered on behalf of the borrower.