Patent ID: 8706613

Claim:
A method for providing conditional credit comprising: receiving, by a computing device processor, past history of customers incurring predetermined events; determining, by the computing device processor, actuarial data using the past history of customers incurring predetermined events, the actuarial data useable to predict future events; determining, by the computing device processor, a cost for offering an emergency reserve (ER) product using the actuarial data; determining, by the computing device processor, a qualification standard for the ER product; offering the ER product to the customers or potential customers based at least in part on the qualification standard; offering an optional emergency reserve protection (ERP) feature to the customers or the potential customers, the ERP feature providing protection that cancels any owed ER balance during a covered event; receiving, from a customer that accepted the offer of the ER product and the ERP feature, a first indication that one of a plurality of covered events has occurred and a request for a first credit disbursement from the ER product; verifying the customer's occurrence of the covered event and that the customer is current in paying a periodic assessment associated with the ER Product; automatically providing, by the computing device processor, the first credit disbursement to the customer based on verification of the covered event, wherein the first credit disbursement is for a predetermined amount that is less than a maximum credit disbursement amount of the ER product and for a predetermined period of time; receiving, from the customer proximate in time to expiration of the predetermined period of time, a second indication that the covered event continues to occur and a request for a second credit disbursement from the ER product; verifying the customer's continual occurrence of the covered event and that the customer is current in paying the periodic assessment associated with the ER Product; automatically providing, by the computing device processor, the second credit disbursement to the customer based on verification of the covered event wherein the second credit disbursement is for the predetermined amount and for the predetermined period of time; determining that the customer has accrued an owed ER balance as a result of the first credit disbursement and the second credit disbursement; and canceling, by the computing device processor, the owed ER balance based upon (i) determining that the customer has accrued the owed ER balance as a result of the first credit disbursement and the second credit disbursement and (ii) the customer's acceptance of the offer of the ERP feature.