Patent ID: 7689506

Claim:
A computer implemented method for evaluating current creditworthiness of a current account holder of a credit account comprising the steps of: determining, by at least one computer processor, at least once a day, whether a first data set relating to the current creditworthiness of the current account holder has been received from a credit reporting organization; determining, by the at least one computer processor, at least once a day, whether a second data set relating to transaction activity of the credit account has been received; periodically receiving, by the at least one computer processor, from a credit reporting organization a third data set relating to the creditworthiness of the account holder; periodically receiving, by the at least one computer processor, a fourth data set relating to the historical activity of the credit account; using the first and second data sets, by the at least one computer processor, to the extent they have been received, and the third and fourth data sets to determine a measure of creditworthiness; defining, by the at least one computer processor, a plurality of account holder segments based on at least one characteristic of the account holders; and defining, by the at least one computer processor, at least one risk model for each of the plurality of account holder segments; wherein the at least one computer processor is located in at least one computing device, the computing device being communicatively coupled to a network; wherein determining a subsequent measure of creditworthiness is carried out based on the at least one risk model associated with the plurality of account holder segments by calculating a risk score.