Patent ID: 7647268

Claim:
A computer-implemented method using a computer system having a computer processor and a database for implementing a recurrent bidding process to dispose of a portfolio of consumer debts stored in the database, the method comprising the steps of: offering the portfolio of consumer debts in an initial bidding among a plurality of potential buyers; identifying, using the computer processor, a first buyer and a second buyer from the plurality of potential buyers, wherein the first buyer is the highest bidder in the initial bidding and the second buyer is the next highest bidder in the initial bidding; selecting the identified buyers as exclusive buyers and entering into a first sales contract with the first buyer allocating a first portion of the portfolio to the first buyer and entering into a second sales contract with the second buyer allocating a second portion of the portfolio to the second buyer; maintaining the allocation of the portfolio of consumer debts between the first buyer and the second buyer for a first time period; designating a portion of the portfolio as an at-risk volume for a second time period; offering the at-risk volume in a second bidding between the first buyer and the second buyer, wherein the highest bidder in the second bidding is selected through operation of the computer processor and is allocated the at-risk volume; and maintaining the resulting allocation of the portfolio of consumer debts between the first buyer and the second buyer for the second time period.