Patent ID: 7822664

Claim:
A future check financing method, comprising: receiving by a recipient at a point of sale, two or more checks from said presenter before delivering goods or services to said presenter, wherein said two or more checks comprise a first check to be processed on a first date and a second check to be processed on a second date, wherein said second date is after said first date; wherein said presenter has traditional credit history that is insufficient to qualify for an equivalent cash instrument and wherein said traditional credit history is also insufficient to qualify for a credit vehicle wherein said traditional credit history comprises a credit report requested by said recipient, and wherein said two or more checks are not backed by sufficient funds to purchase said goods or said services outright at time of said accepting said two or more checks; accessing a check writing history database that executes on a computer, wherein said check writing history database is accessed over a network; obtaining a check writing history of said presenter from said check writing history database that executes on said computer; verifying by said computer said check writing history of said presenter by said recipient; accepting said two or more checks from said presenter based on said verifying said check writing history of said presenter without relying on said credit report that is insufficient to qualify for an equivalent cash instrument and wherein said traditional credit history is also insufficient to qualify for a credit vehicle; selling said two or more checks as received by said recipient from said presenter to a check guarantee entity; and receiving full payment minus a service charge before said second date by said recipient for said first check and said second check from said check guarantee entity, wherein said check guarantee entity receives payment for said first check at said first date, and said check guarantee entity receives payment for said second check at said second date.