Patent ID: 8442903

Claim:
A method of organizing delinquent specialized debt to obtain a portfolio of specialized debt, the method comprising: (1) providing a secure website on the internet for access by at least one holder of specialized debt; (2) obtaining over the website at least one segment of the delinquent specialized debt from the at least one holder, wherein the specialized debt is disorganized; and (3) organizing by a computer the at least one segment of delinquent specialized debt into a portfolio of specialized debt, wherein the portfolio of specialized debt has a value that is presentable to a community of selective buyers for bidding on said portfolio; wherein the step of organizing comprises: (a) sorting the at least one segment of delinquent specialized debt by sorting parameters to obtain a sorted segment of delinquent specialized debt; (b) ranking the sorted segment of debt by a ranking parameter to obtain a ranked segment of delinquent specialized debt; and (c) scoring the ranked set of debt by a scoring parameter to obtain a portfolio of specialized debt, wherein the portfolio of specialized debt has a value that is presentable to a community of selective buyers of said portfolio for bidding on said portfolio; wherein the sorting parameters comprise, for each specific delinquent account: (a) outstanding unpaid balance; (b) age of account; (c) prior collection history; (d) demographics of the debtor profile, based on household income and home value; (e) geographic distribution of debtor, based on a parameter which is a member selected from a state and a zip code; (f) type of service provided to the debtor, wherein the type of service is based on standardized industry diagnostic codes; (g) date of service provided; and (h) type of debtor/payer classification, the type being a member selected from the group consisting of individual, insurance provider, and government provider.