WO2014052416A3 - Methods and systems for default protection in a payday loan program - Google Patents
Methods and systems for default protection in a payday loan program Download PDFInfo
- Publication number
- WO2014052416A3 WO2014052416A3 PCT/US2013/061621 US2013061621W WO2014052416A3 WO 2014052416 A3 WO2014052416 A3 WO 2014052416A3 US 2013061621 W US2013061621 W US 2013061621W WO 2014052416 A3 WO2014052416 A3 WO 2014052416A3
- Authority
- WO
- WIPO (PCT)
- Prior art keywords
- entity
- borrower
- payment
- loan
- lending
- Prior art date
Links
Classifications
-
- G—PHYSICS
- G06—COMPUTING; CALCULATING OR COUNTING
- G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
- G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
- G06Q40/02—Banking, e.g. interest calculation or account maintenance
-
- G—PHYSICS
- G06—COMPUTING; CALCULATING OR COUNTING
- G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
- G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
- G06Q40/03—Credit; Loans; Processing thereof
Landscapes
- Business, Economics & Management (AREA)
- Accounting & Taxation (AREA)
- Finance (AREA)
- Engineering & Computer Science (AREA)
- Development Economics (AREA)
- Economics (AREA)
- Marketing (AREA)
- Strategic Management (AREA)
- Technology Law (AREA)
- Physics & Mathematics (AREA)
- General Business, Economics & Management (AREA)
- General Physics & Mathematics (AREA)
- Theoretical Computer Science (AREA)
- Financial Or Insurance-Related Operations Such As Payment And Settlement (AREA)
- Management, Administration, Business Operations System, And Electronic Commerce (AREA)
Abstract
A computer-implemented method for preventing default of a loan comprises providing, by an insuring entity, a debt coverage instrument to a borrower having a payday loan from a lending entity in the event the borrower is unable to make at least one payment to the lending entity for the loan; receiving, from a computer of the lending entity, a periodic payment to the insuring entity for the insured borrower; receiving, by a computer of the insuring entity, a claim where the borrower is at risk for not making at least one payment to the lending entity for the loan; and initiating, by the computer of the insuring entity, a payment on behalf of the borrower to the lending entity, wherein the borrower does not default on the loan because of the payment by the insuring entity to the lending entity.
Applications Claiming Priority (2)
Application Number | Priority Date | Filing Date | Title |
---|---|---|---|
US201261705318P | 2012-09-25 | 2012-09-25 | |
US61/705,318 | 2012-09-25 |
Publications (2)
Publication Number | Publication Date |
---|---|
WO2014052416A2 WO2014052416A2 (en) | 2014-04-03 |
WO2014052416A3 true WO2014052416A3 (en) | 2014-05-30 |
Family
ID=50389124
Family Applications (1)
Application Number | Title | Priority Date | Filing Date |
---|---|---|---|
PCT/US2013/061621 WO2014052416A2 (en) | 2012-09-25 | 2013-09-25 | Methods and systems for default protection in a payday loan program |
Country Status (1)
Country | Link |
---|---|
WO (1) | WO2014052416A2 (en) |
Citations (6)
Publication number | Priority date | Publication date | Assignee | Title |
---|---|---|---|---|
US20020019804A1 (en) * | 2000-06-29 | 2002-02-14 | Sutton Robert E. | Method for providing financial and risk management |
US20060293985A1 (en) * | 2005-06-27 | 2006-12-28 | Securitization Group, Llc | System and method for securitizing tangible assets in the alternative financial services industry |
US7818229B2 (en) * | 2004-10-19 | 2010-10-19 | Apollo Enterprise Solutions, Inc. | Method for future payment transactions |
US7882023B2 (en) * | 2004-06-23 | 2011-02-01 | Paul Parrish | Method and system for managing collateral or property risk in a secured loan or lease portfolio |
US8090635B1 (en) * | 2007-05-19 | 2012-01-03 | Igor Roitburg | Mortgage payment insurance method and system |
US20120030082A1 (en) * | 2010-07-30 | 2012-02-02 | Bank Of America Corporation | Predictive modeling for debt protection/cancellation |
-
2013
- 2013-09-25 WO PCT/US2013/061621 patent/WO2014052416A2/en active Application Filing
Patent Citations (6)
Publication number | Priority date | Publication date | Assignee | Title |
---|---|---|---|---|
US20020019804A1 (en) * | 2000-06-29 | 2002-02-14 | Sutton Robert E. | Method for providing financial and risk management |
US7882023B2 (en) * | 2004-06-23 | 2011-02-01 | Paul Parrish | Method and system for managing collateral or property risk in a secured loan or lease portfolio |
US7818229B2 (en) * | 2004-10-19 | 2010-10-19 | Apollo Enterprise Solutions, Inc. | Method for future payment transactions |
US20060293985A1 (en) * | 2005-06-27 | 2006-12-28 | Securitization Group, Llc | System and method for securitizing tangible assets in the alternative financial services industry |
US8090635B1 (en) * | 2007-05-19 | 2012-01-03 | Igor Roitburg | Mortgage payment insurance method and system |
US20120030082A1 (en) * | 2010-07-30 | 2012-02-02 | Bank Of America Corporation | Predictive modeling for debt protection/cancellation |
Also Published As
Publication number | Publication date |
---|---|
WO2014052416A2 (en) | 2014-04-03 |
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