Patent ID: 7774277

Claim:
A system for repaying a loan, the system comprising: an information handling system connected to a network and operable to receive a request for a loan from a borrower through the network; the information handling system further operable to receive a credit score for the borrower through the network; the information handling system further operable to set a first interest rate for the loan based at least partly on the credit score; the information handling system further operable to determine an adjustable time period for the loan, wherein the adjustable time period for the loan comprises at least 6 months subsequent to the loan first being provided; the information handling system further operable to determine that a plurality of payments for the loan have been received from the borrower, whereby the information handling system is operable to determine that the plurality of payments have been provided during the adjustable time period of the loan; the information handling system further operable to monitor the plurality of payments during the adjustable time period; the information handling system further operable to determine that each of the plurality of payments during the adjustable time period have been made on time; and the information handling system further operable to adjust the first interest rate of the loan to a second interest rate that is lower than the first interest rate in response to the plurality of payments being made on time during the adjustable time period.