CREDIT LINE SHARING

摘要

A system or method is provided to allow users to share or donate a portion of their credit line to others. In particular, the system may provide an interface between credit line donors and recipients and allow a user's friends or family to donate portions of their credit lines to the user. With the system serving as an intermediary between the borrowers and the lenders, the credit line donation arrangement may be hidden from the lenders. The system may manage the distribution of the credit line from the five donor friends to the beneficiary friend. Further, the system may manage the payoff or pay back of the credit lines from the beneficiary friend back to the lenders. In particular, based on the donation arrangement, the system may receive the payoff amount from the beneficiary user and distribute the payoff back to the lenders.

主权项

1. A system comprising:
a memory storing an account of a first user; and one or more processors in communication with the memory and adapted to:
receive a request from a second user to donate a credit line to the first user;obtain a credit line for the second user from a lender;designate a donated portion of the second user's credit line for the first user; andapply the donated portion of the second user's credit line for a transaction conducted by the first user.