Patent ID: 8447670

Claim:
A method for an issuer to relive an entity from at least one payment obligation, the method comprising: receiving, through a computer, an application from an entity for an account associated with a line of credit which is restricted to a payment obligation not associated with the issuer; performing, through the computer, a risk-assessment of the application to determine credit risk of the entity receiving, through the computer, a selection of trigger event and benefit pairs, each comprising a trigger event and a line of credit associated with each trigger event; calculating, through the computer, a value for each trigger event and benefit pair, wherein the value is based at least in part on information associated with the entity; calculating and applying, through the computer, a payment protection price for each trigger event and benefit pair based on the value; determining, using, whether to issue the account for a price to the entity using information obtained from the risk-assessment, wherein the price is determined based at least in part on the value calculated for each trigger event and benefit pair; and issuing the account to the entity based on the determination.