Patent ID: 7840484
Filing Date: 2010-11-23
Classification: G06Q

Abstract:
1. A method of developing a credit score for a consumer, comprising: modeling, by a computer-based system for developing a credit score for a consumer comprising a processor and a tangible, non-transitory memory, consumer spending patterns using individual consumer data and aggregate consumer data for a plurality of consumers, including tradeline data, internal customer data, and consumer panel data; estimating, by the computer-based system, credit-related data of the individual consumer based on tradeline data of the individual consumer, an amount of identified balance transfers of the individual consumer, and the model of consumer spending patterns, wherein the credit-related data comprises a spend amount associated with the individual consumer; offsetting, by the computer-based system, the identified balance transfers from the estimated credit-related data; and determining a credit score for the individual consumer by using the estimated credit-related data.