Patent ID: 7343343

Claim:
A method for purchasing an item using a terminal apparatus connected to a supplier server through a communication line, the method comprising: accumulating data associated with a user request to purchase the item at a plurality of supplier servers; contacting, by the plurality of supplier servers, a credit company server to obtain a credit contract associated with the user request to purchase the item; accessing, by the credit company server, a database having standard commissions and item charge rates associated with each of the plurality of suppliers associated with the plurality of supplier servers; determining, at the credit company server, whether the user is authorized to receive credit for purchasing the item; setting, at the credit company server, an interest rate based on the item being purchased; calculating, at the credit company server, a term of payment for each supplier associated with the plurality of supplier servers based on the standard commissions and item charge rates associated with each supplier and the interest rate; simulating at the terminal apparatus the calculated term of payment for the suppliers associated with the plurality of servers; creating the credit contract including one of the calculated terms of payment; and sending the credit contract from the credit company server to the user if the user is authorized to receive credit for purchasing the item.