Loan management tool

Number of patents in Portfolio can not be more than 2000

United States of America Patent

PATENT NO 8301558
APP PUB NO 20120030095A1
SERIAL NO

12847434

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ATTORNEY / AGENT: (SPONSORED)

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Abstract

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Embodiments of the present invention relate to methods and apparatuses for implementing, in connection with a HELOC account, a loan management tool. In some embodiments, the method includes: storing information relating to a loan account associated with a borrower, segmenting the loan account into one or more spend categories, and allocating purchases and payments, or portions thereof, made by the borrower to at least one of the one or more spend categories. In addition, the method may further include receiving from the borrower an input and calculating, based on the input, an output, wherein the output comprises at least one of the anticipated payoff date, the monthly payment amount, and the total saved interest.

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Patent Owner(s)

Patent OwnerAddress
BANK OF AMERICA CORPORATIONMAILCODE NC1-028-29-04 ONE BANK OF AMERICA CENTER 150 NORTH COLLEGE ST CHARLOTTE NC 28255

International Classification(s)

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Curry, Lisa D Warwick, US 15 240
Hardy, Ashley C Charlotte, US 4 82
Marshall, Edna Waters Charlotte, US 3 82

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