Abstract
The following quote was obtained by the news editors from the background information supplied by theinventors: “Presently, companies and financial institutions present loan offers to consumers that are basedon consumer credit reports with little, if any, data relating to previous transactions by the consumer. Thisprocedure is highly formulated and fails to provide many personalized options on how to proceed by theconsumer. The consumer is typically presented with a “take it or leave it” offer without any considerationof past information and selections by the consumer. Moreover, a consumer’s eligibility for a loan offer canchange quickly and such changes in status may not be considered by conventional methods. In addition,consumers that have not established their credit history are typically not eligible for loan offers.
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