Patent ID: 8799150
Filing Date: 2014-08-05
Classification: G06Q

Abstract:
1. A method of determining an individual's unemployment risk based credit score, comprising: generating by a computer, an unemployment risk probability for the individual using the individual's personal data including age, education, demographic data and employment history, and using historical employment, unemployment, and economic data; generating by the computer, an income loss risk for the individual using said unemployment risk probability; generating by the computer, an income reduction risk for the individual; generating the individual's unemployment risk based credit score based on the unemployment risk probability, income loss risk, income reduction risk, personal data, and national employment data, national unemployment data, and national economic data, wherein said individual's income risk based credit score provides an indication of a probability of the individual defaulting on one or more of the individual's payment obligations; and wherein the step of using the unemployment risk probability, income loss risk, income reduction risk, personal data, national employment data, and national economic data to generate the individual's unemployment risk based credit score further comprises the steps of: