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 PDF

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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
Application number
PCT/US2013/061621
Other languages
French (fr)
Other versions
WO2014052416A2 (en
Inventor
Kevin Smart
Tod RUBLE
Original Assignee
Kevin Smart
Ruble Tod
Priority date (The priority date is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the date listed.)
Filing date
Publication date
Application filed by Kevin Smart, Ruble Tod filed Critical Kevin Smart
Publication of WO2014052416A2 publication Critical patent/WO2014052416A2/en
Publication of WO2014052416A3 publication Critical patent/WO2014052416A3/en

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

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.
PCT/US2013/061621 2012-09-25 2013-09-25 Methods and systems for default protection in a payday loan program WO2014052416A2 (en)

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)

* Cited by examiner, † Cited by third party
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

Patent Citations (6)

* Cited by examiner, † Cited by third party
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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