Systems and Methods for Monitoring and Optimizing Credit Scores

Abstract

The present disclosure provides systems and methods that monitor, on a recurring basis, a consumer's behavior as reflected on both the consumer's credit report and other sources, identifies opportunities for optimizing the consumer's credit score, warns proactively of actions that can damage a consumer's credit score, and identifies the right time for consumers to take certain actions, including, but not limited to, actions like applying for a new credit card or closing an existing credit card. The present disclosure also provides systems and methods that implement or can assist in the implementation of the recommended actions on behalf of the consumer.

What is claimed is: 
     
         1 . A system comprising:
 a server; and   a memory in communication the server, the memory storing a logic that is executed by the server to perform operations comprising:
 continuously monitoring a financial information about a client, the financial information being updated in real-time from a plurality of sources; and 
 upon detecting one or more events in the financial information, simulating an action that has not been performed by the client; 
 wherein a simulated performance of the action creates a hypothetical scenario; and 
 wherein a potential credit score is generated for the hypothetical scenario. 
   
     
     
         2 . The system of  claim 1 , wherein the event comprises a pattern of behavior. 
     
     
         3 . The system of  claim 2 , wherein the pattern of behavior comprises performing a plurality of transactions. 
     
     
         4 . The system of  claim 2 , wherein the pattern of behavior comprises maintaining a balance above or below a threshold. 
     
     
         5 . The system of  claim 2 , wherein the pattern of behavior is a rate of change of a balance. 
     
     
         6 . The system of  claim 1 , wherein the event comprises making a transaction. 
     
     
         7 . The system of  claim 1 , wherein the event comprises opening an account. 
     
     
         8 . The system of  claim 1 , wherein the action comprises one or more of transferring a balance, making a withdrawal, making a deposit, or making a payment. 
     
     
         9 . A system, comprising:
 a server; and   a plurality of processing modules in communication with the server, the plurality of processing modules for executing computer-readable instructions that enable the plurality of processing modules to perform operations comprising:
 generating a plurality of potential credit scores for a plurality of hypothetical scenarios, each of the plurality of hypothetical scenarios comprising a simulated action performed in response to detecting an event in an information associated with a client, the information updated continuously and in real-time from a plurality of sources; and 
 determining an optimal action from the plurality of hypothetical scenarios to be performed on behalf of the client, the determining based upon a plurality of factors. 
   
     
     
         10 . The system of  claim 9 , wherein the plurality of factors comprises one or more of: a preference of the client, a permission received from the client, an ability to implement each of the simulated actions, a simplicity of action, a number of steps in the action, the potential credit score corresponding to the simulated action, a likelihood of the client acting on the action, and an expected savings. 
     
     
         11 . The system of  claim 9 , wherein the operations further comprise notifying the client that the optimal action is being performed. 
     
     
         12 . The system of  claim 10 , wherein the preference comprises a selection of simulated actions to be automatically performed, or a selection of simulated actions to be manually performed. 
     
     
         13 . A system, comprising:
 a server; and   a plurality of processing modules in communication with the server, the plurality of processing modules for executing computer-readable instructions that enable the plurality of processing modules to perform operations comprising:
 automatically performing a financial action for a client in response to determining that the financial action results in an optimal credit score for the client, 
 wherein the financial action is associated with a hypothetical scenario, and 
 wherein the financial action has not yet been performed by the client. 
   
     
     
         14 . The system of  claim 13 , wherein the hypothetical scenario is generated in response to detecting a change in one of a financial information or a personal information, the financial and personal information being updated continuously and in real-time from a plurality of sources. 
     
     
         15 . The system of  claim 14 , wherein the financial information comprises one or more of: an account information associated with the client, a credit information associated with the client, or a financial product information associated with a financial institution, and wherein the personal information comprises one or more of a name, an address, a social security number, or a telephone number. 
     
     
         16 . The system of  claim 14 , wherein the plurality of sources comprises one or more of a client interface for receiving client-input information, a financial institution, a credit bureau, a public record, or a third party source. 
     
     
         17 . The system of  claim 13 , wherein the financial action is performed by interacting with a financial institution. 
     
     
         18 . The system of  claim 13 , wherein if the financial action comprises a transfer of funds, the client is billed after the optimal action is performed. 
     
     
         19 . The system of  claim 13 , wherein the financial action is one among a plurality of potential actions associated with a corresponding plurality of hypothetical scenarios, the financial action being selected from the plurality of potential actions based upon a plurality of factors. 
     
     
         20 . The system of  claim 19 , wherein the plurality of factors comprises one or more of a preference of the client, a permission received from the client, an ability to implement each of the plurality of potential actions, a simplicity of action, a number of steps in the potential action, a potential credit score corresponding to each of the plurality of potential actions, a likelihood of the client acting on the action, and an expected saving.