Method and system for obtaining credit

Number of patents in Portfolio can not be more than 2000

United States of America Patent

PATENT NO 11908004
APP PUB NO 20210350454A1
SERIAL NO

17383198

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Abstract

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A communication system enabling a first wireless subscriber in need of an instant credit line to use a creditee module on a portable wireless communication device to request credit from a second subscriber that has available credit at a financial institution. The second subscriber uses a creditor module on their device to generate rules for the extension of a credit line guaranteed by the financial institution of the second subscriber. If the rules are met, a credit authorization code is generated by the system and forwarded to the creditee module of the first subscriber's device such that the code can be subsequently used to complete a transaction initiated by the first subscriber to pay a vendor. The vendor may then employ a vendor's module to access the issued credit as prescribed by the creditor module.

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Patent Owner(s)

Patent OwnerAddress
FOMUKONG MUNDILOS ANGELES CA

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Fomukong, Mundi Los Angeles, US 15 4555

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3.5 Year Payment $1600.00 $800.00 $400.00 Aug 20, 2027
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