Patent ID: 7542993

Claim:
A system for monitoring modifications to a credit score comprising a plurality of elements in a credit reporting database, the system comprising: at least one computer program stored on a computer-readable memory, the computer program for continuously monitoring at least part of a plurality of credit-related elements for a modification to at least one of the plurality of credit-related elements, wherein the modification to at least one of the plurality of credit-related elements comprises at least one of the plurality of credit-related elements modified by a datum collected from at least one financial entity, the datum comprising information associated with the individual; and at least one server for generating an updated credit score for an individual using the plurality of credit-related elements after at least one of the plurality of credit-related elements is modified by the datum collected from at least one financial entity, the credit score for the individual and the plurality of credit-related elements being stored on the computer-readable memory; wherein the system is capable of sending a notification that the credit score is updated to the individual substantially contemporaneously when the updated credit score for the individual is generated; and wherein the system is capable of sending the notification to more than one destination specified by the individual.