Patent ID: 6202053
Filing Date: 2001-03-13
Classification: G06Q

Abstract:
A computer implemented method for evaluating credit risk of bank card applicants comprising the steps of:a) dividing a population of bank card applicants into a plurality of sub-populations using a processing unit, based on a first factor selected from a factor group consisting of length of credit history, number of reported trades, reported delinquency, bank card utilization, and revolving balance acceleration;b) dividing at least one of said sub-populations into additional sub-populations based on a second factor selected from the factor group, the second factor being different from the first factor selected from the factor group;c) developing a scorecard for each of said plurality of sub-populations and additional sub-populations;d) applying one of said scorecards to a bank card application; ande) scoring said application, based on said applied scorecard.