Patent ID: 7912768

Claim:
A computer-enabled method for improving compliance of a payer subject to a financial obligation by use of periodic set-asides of funds sufficient to make required payments in accordance with terms of the obligation, the financial obligation having at least one required payment associated with at least one required payment interval, the method comprising: using a computer-based system comprising a processor, database, and payer interface, establishing and storing in memory a next available set-aside date and a due date for each required payment; determining and storing in memory a payment amount for each required payment; ascertaining and storing in memory compliance preferences including a preferred set-aside period length and a preferred set-aside amount to be set aside during each set-aside period; calculating and storing in memory a set-aside schedule as a function of the next available set-aside date, the due date, the payment amount, and the compliance preferences, the calculated set-aside schedule comprising a plurality of set-aside amounts and a plurality of corresponding set-aside dates, whereby a total of the set-aside amounts is at least equal to the payment amount, each set aside amount S n being calculated using an equation S n =( T/I )/ P i where the individual set-aside periods are indexed by the variable n, T is the total amount of the financial obligation, the total number of required payment intervals is I, the payment intervals are indexed by the variable i ranging from 1 to I and P i is the number of set-aside periods available in the payment interval in which the n th set-aside period occurs; displaying the calculated set-aside schedule to the payer; enabling the payer to accept or adjust the calculated set-aside schedule; and if the set-aside schedule is adjusted, overwriting the stored set-aside schedule with the adjusted set-aside schedule.