Patent ID: 7653593

Claim:
A computer-implemented method for determining an individual's adjusted credit risk score, said method comprising the steps of: a) determining a macroeconomic risk score via one or more computing devices by the sub-steps: a1) obtaining a sample of consumer credit data stored in memory, said sample of consumer credit data comprising credit data associated with a plurality of consumers over a first period of time covering multiple economic conditions; a2) determining individual performance for each consumer represented in said sample of consumer credit data based on each consumer's payment history reflected in said sample of consumer credit data, wherein said individual performance is utilized as a dependent attribute; a3) obtaining data of one or more econometric factors stored in said memory, said data of one or more econometric factors comprising data of said one or more econometric factors on a macroeconomic scale over a second period of time prior to said first period of time, wherein said one or more econometric factors are utilized as one or more independent attributes; and a4) determining said macroeconomic risk score by utilizing said dependent attribute, said one or more independent attributes, and applying a statistical technique for modeling; b) obtaining an individual's credit risk score stored in said memory; c) developing a model implemented by said one or more computing devices that automatically compensates said individual's credit risk score by adjusting said individual's credit risk score based on said macroeconomic risk score; and d) outputting said individual's adjusted credit risk score by utilizing said model.