Patent ID: 7756781
Filing Date: 2010-07-13
Classification: G06Q

Abstract:
1. A method of presenting a reason for the rejection of a credit application from an applicant comprising: electronically receiving from a credit bureau a factor identified as influencing the FICO score assigned to the credit application by the credit bureau; using a computer processor to: map the factor identified by the credit bureau to an internal rejection code, wherein the internal rejection code to which the factor is mapped is a general code if the factor is an inappropriate basis on which to reject the credit application, and is otherwise a specific code; determine whether the internal rejection code corresponds to a specific code or a general code; and change the internal rejection code to correspond to a specific rejection reason if it is determined that the internal rejection code corresponds to a general code and the specific rejection reason is available; and providing a rejection reason corresponding to the internal rejection code to the applicant.