The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Dec. 10, 2019
Filed:
Jun. 23, 2016
State Farm Mutual Automobile Insurance Company, Bloomington, IL (US);
Michael Harris, Bloomington, IL (US);
Jacob Alt, Bloomington, IL (US);
Jennifer Criswell Kellett, Bloomington, IL (US);
Tracey Dunne, Bloomington, IL (US);
State Farm Mutual Automobile Insurance Company, Bloomington, IL (US);
Abstract
A computer-implemented method of providing educational messages to a consumer includes issuing a line of credit to the consumer. The method may include presenting a credit education course to the consumer; activating the line of credit; and/or processing a transaction payable on the line of credit. The method further includes generating a credit message based upon transaction data for the transaction, and/or presenting the credit message to the consumer, such as via their mobile device. As a result, credit coaching or education may be provided to, for example, teach consumers how credit works, protect them from common mistakes, and/or build confidence in handling credit. The credit messages may include information related to transaction values, credit limits, percent utilization, billing dates, interest rates, and/or other banking information associated with the consumer. Upgraded financial and insurance products may be offered or provided to the consumer over time based upon good financial behavior.