Patent ID: 8150764

Claim:
A system to allow a plurality of customers to access a plurality of line of credits associated with a plurality of customer accounts, the system comprising: a computer associated with a financial institution defining a financial institution computer, the financial institution computer being associated with an electronic communications network and adapted to manage a plurality of line of credit accounts with the financial institution; and non-transitory computer-readable medium encoded with computer program operable on the financial institution computer, the computer program comprising: a first computer program to extend one or more line of credit accounts associated with one or more of a plurality of customer accounts defining an incremental line of credit qualifying module, the incremental line of credit qualifying module comprising the instruction of: establishing, responsive to customer underwriting data and predetermined qualification parameters, a plurality of line of credit accounts associated with a plurality of customer accounts for a plurality of customers, the plurality of line of credit accounts having a plurality of total credit limits having a first portion and a second portion, the first portion of the plurality of total credit limits being reserved for use with one or more transactions with a retailer, each of the plurality of line of credit accounts further being adapted to be drawn in at least one of a plurality of separate predetermined loan increments each being equal in value; a second computer program to allow one or more draws to the one or more of the plurality of line of credit accounts in one or more of the plurality of separate predetermined loan increments, the second computer program defining an incremental line of credit dispensing module and comprising the instructions of: determining whether to advance funds from one or more of the plurality of line of credit accounts to one or more of the plurality of customer accounts for one or more customer transaction; determining a number of separate predetermined loan increments to be added to the one or more of the plurality of customer accounts responsive to the determination to advance funds from the one or more of the plurality of line of credit accounts for the one or more customer transactions; and loading the one or more of the plurality of customer accounts with at least one of the plurality of separate predetermined loan increments that corresponds with the determined number of separate predetermined loan increments to thereby define loaded predetermined increments when the loaded predetermined increments do not exceed a line of credit balance available for the one or more of the plurality of line of credit accounts, a total value of a predetermined loan advance fee being equal to a predetermined financial institution fee plus a predetermined retailer fee multiplied by the number of separate predetermined loan increments.