Patent ID: 7610229

Claim:
A method for generating simulated credit scores, the method comprising: executing computer-executable instructions on at least one computer processor to cause a computer to retrieve credit data associated with a consumer and maintained by a credit bureau; executing computer-executable instructions on at least one computer processor to cause a computer to generate a first credit score using the retrieved credit data; executing computer-executable instructions on at least one computer processor to cause a computer to receive hypothetical credit data input by a user, wherein the hypothetical credit data represents at least one change from the credit data maintained by the credit bureau; executing computer-executable instructions on at least one computer processor to cause a computer to generate a simulated credit score based at least in part on the received hypothetical credit data; executing computer-executable instructions on at least one computer processor to cause a computer to output for display the first credit score and the simulated credit score; and at the user's option, iteratively receiving hypothetical credit data input by the user and generating a different simulated credit score each time that the user inputs hypothetical credit data; wherein the simulated credit scores are generated using a credit scoring model that simulates but is not a commercially-available credit scoring model.