Method and system for automatically collecting payment for a credit account

Abstract

A method for automatically collecting payment for a credit account includes determining if a credit account is delinquent and determining the number of days the credit account is delinquent. The method includes automatically collecting a first amount from a first account if the number of days the credit account is delinquent comprises at least a first number of days and crediting the credit account the first amount. The first account may comprise a checking account, and the first number of days may comprise twenty days.

1 - 20 . (canceled) 
     
     
         21 . A method for automatically collecting payment for a first account, comprising:
 determining that a first account includes one or more conditions associated with offering consumer enrollment;   providing a consumer with an option to request automatic payment of the first account by a second account when the first account is delinquent;   receiving, from the consumer, the request for automatic payment of the first account, the request comprising data associated with the second account;   linking, in a database, the first account with the second account;   sending a request to cause a data management system to update one or more data files to associate the first account with the second account;   determining a number of days by which the first account is delinquent;   determining that the number of days the first account is delinquent exceeds a threshold number;   requesting from a provider of the second account, an amount sufficient to resolve the first account delinquency; and   crediting the amount to the first account from the second account.   
     
     
         22 . The method of  claim 21 , wherein a first condition of the one or more conditions associated with offering consumer enrollment comprise identifying that the first account was opened within a predetermined amount of time. 
     
     
         23 . The method of  claim 21 , wherein a first condition of the one or more conditions associated with offering consumer enrollment comprises identifying that the first account has been open longer than a predetermined amount of time. 
     
     
         24 . The method of  claim 21 , wherein updating the one or more data files is at least one of creating, modifying, or deleting the one or more data files. 
     
     
         25 . The method of  claim 21 , further comprising:
 applying to the first account at least one of points, rewards, airline miles, a credit line increase, an interest rate deduction, or a fee reduction.   
     
     
         26 . The method of  claim 21 , wherein the amount comprises a minimum payment amount or a previously designated payment amount. 
     
     
         27 . The method of  claim 21 , wherein the one or more conditions associated with offering consumer enrollment comprise a delinquent first account status or the consumer having a negative credit rating. 
     
     
         28 . The method of  claim 21 , further comprising:
 requesting the amount from the provider of the second account through an automated clearinghouse network; and   receiving the amount from the provider of the second account through the automated clearinghouse network.   
     
     
         29 . The method of  claim 21 , further comprising:
 notifying the consumer that the second account was debited the amount and that the first account was credited the amount.   
     
     
         30 . A system for automatically collecting payment for a first account, comprising:
 one or more processors; and   memory in communication with the one or more processors and storing computer program code that, when executed by the one or more processors, is configured to cause the system to:
 determine that the first account includes one or more conditions associated with offering consumer enrollment; 
 provide a consumer an option to request automatic payment of the first account by a second account when the first account is delinquent; 
 receive, from the consumer, the request for automatic payment of the first account, wherein the request comprises data associated with the second account; 
 link the first account with the second account; 
 send a request to cause a data management system to update one or more data files to associate the first account with the second account; 
 determine a number of days by which the first account is delinquent; 
 determine that the number of days the first account is delinquent exceeds a threshold number; 
 request from a provider of the second account, an amount sufficient to resolve the first account delinquency; and 
 credit the amount to the first account from the second account. 
   
     
     
         31 . The system of  claim 30 , wherein a first condition of the one or more conditions associated with offering consumer enrollment comprises identifying that the first account was opened within a predetermined amount of time. 
     
     
         32 . The system of  claim 30 , wherein a first condition of the one or more conditions associated with offering consumer enrollment comprises identifying that the first account has been open longer than a predetermined amount of time. 
     
     
         33 . The system of  claim 30 , wherein memory further causes the one or more processors to:
 apply to the first account at least one of points, rewards, airline miles, a credit line increase, an interest rate deduction, or a fee reduction.   
     
     
         34 . The system of  claim 30 , wherein the amount comprises a minimum payment amount or a previously designated payment amount. 
     
     
         35 . The system of  claim 30 , wherein the one or more conditions associated with offering consumer enrollment comprise a delinquent first account status or the consumer having a negative credit rating. 
     
     
         36 . The system of  claim 30 , wherein memory further causes the one or more processors to:
 request the amount from the provider of the second account through an automated clearinghouse network; and   receive the amount from the provider of the second account through the automated clearinghouse network.   
     
     
         37 . The system of  claim 30 , wherein the memory further causes the one or more processors to:
 notify the consumer that the second account was debited the amount and that the first account was credited the amount.   
     
     
         38 . A method for automatically collecting payment for a first account, comprising:
 providing a consumer with an option to request automatic payment of the first account by a second account when the first account is delinquent;   receiving, from the consumer, a request for automatic payment of the first account, wherein the request comprises data associated with the second account;   linking, using one or more computer processors, the first account with the second account in a database;   sending a request to cause a data management system to update one or more data files to associate the first account with the second account;   determining a number of days by which the first account is delinquent;   determining that the number of days the first account is delinquent exceeds a threshold number;   requesting from a provider of the second account, an amount sufficient to resolve the first account delinquency; and   crediting the amount to the first account from the second account.   
     
     
         39 . The method of  claim 38 , further comprising:
 notifying the consumer that the second account was debited the amount and that the first account was credited the amount.   
     
     
         40 . The method of  claim 38 , wherein the amount comprises a minimum payment amount or a previously designated payment amount.