Patent ID: 7606764

Claim:
A method of providing information corresponding to a contemplated credit purchase comprising: receiving purchase information from a consumer at a centralized data processing system via a network-based account interface, the purchase information comprising at least a purchase price of a contemplated purchase; receiving an identification input corresponding to the consumer at the centralized data processing system that uniquely identifies the consumer; correlating by a computer the unique identifier to an account associated with the consumer; automatically determining if the contemplated purchase qualifies for installment repayment; automatically generating by the computer a plurality of installment repayment scenarios corresponding to an installment-based credit account of the consumer with the centralized data processing system, the repayment scenarios based on the purchase price of the contemplated purchase an any existing repayment obligations of the consumer on the credit account corresponding to purchases already made by the consumer; and transmitting the plurality of repayment scenarios to the consumer from the centralized data processing system to the network-based account interface.