Patent ID: 8566198

Claim:
A data processing system adapted for use by a consumer reporting agency to provide consumer credit reports, said data processing system comprising: a consumer reporting database controlled by said consumer reporting agency, said consumer reporting database storing i) an account data file for a consumer, and ii) an application information file for the consumer, wherein said application information file comprises an accumulation of application information records, where each record is created from application information data previously received from respective institutions, and said account data file comprises transaction and experience information of the consumer; a computer configured to: electronically receive from an institution a request for a consumer credit report for the consumer, and electronically receive together with said request all consumer application information data of an application form provided by the consumer to the institution when applying for credit, wherein said consumer application information data comprises personal data and financial data; process the received consumer application information data to create a respective application information record and accumulate the created application information record in the application information file of the consumer, and process the transaction and experience information of the account data file of the consumer to produce the consumer credit report; and respond to the request for the consumer credit report by transmitting to the institution the consumer credit report of the consumer and each available application information record accumulated in the consumer's application information file for use in determining consumer information credibility through revelation of inconsistencies in the consumer's application information file and for use in determining consumer creditworthiness.