Patent ID: 7983979

Claim:
A method for establishing a credit account comprising: receiving initial information from a consumer sufficient to permit a trusted third party to establish said consumer as a subscriber of said trusted third party's services; establishing said consumer as a subscriber of said trusted third party, wherein the number for accessing a communication device of said subscriber is retained on one or more hardware devices by said trusted third party; said subscriber requesting a credit account from an account provider; said account provider contacting a credit bureau and requesting said subscriber's credit file; said credit bureau providing said account provider with said subscriber's credit file containing contact information for said trusted third party and identifying information for said subscriber; said account provider requesting authorization from said trusted third party to open said subscriber's account; said trusted third party contacting said subscriber on said subscriber's communication device; said subscriber providing said trusted third party with confirmation that said subscriber desires said account provider to be provided access to said credit file; and said trusted third party authorizing said account provider to proceed in opening said account on behalf of said subscriber.