System and method for providing borrowing schemes

A system and method providing a borrowing scheme. The method comprises the steps of: establishing an interest-free revolving amount or account using the computer processor; establishing a periodic payment for maintaining the interest-free revolving amount or account using the computer processor; and...

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Bibliographische Detailangaben
Hauptverfasser: JACOBY RYAN ALAN, MOED JAMES SAMUEL, MCGARRY JENNIFER C, FIELD MANNING R, EMERSON HEATHER MARGARET, KOPPENHAVER JOY LYNN, DRAGOTTA FRANK CAWLEY, VICENTE MARIA TERESITA, GROULX IAN MICHAEL, DAME KEVIN THOMAS
Format: Patent
Sprache:eng
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Beschreibung
Zusammenfassung:A system and method providing a borrowing scheme. The method comprises the steps of: establishing an interest-free revolving amount or account using the computer processor; establishing a periodic payment for maintaining the interest-free revolving amount or account using the computer processor; and automatically revising the interest-free revolving amount or account or the periodic payment using the computer processor based upon at least one user performance metric over a predetermined period of time; wherein the interest-free revolving amount or account or the periodic payment for maintaining the interest-free revolving amount is determined by the user via the network.