| 摘要 |
The present invention concerns generally with a computer-based peer-to-peer lending platform, and, more particularly, with an improved internet-based peer-to-peer rotating lending and savings allowing a revolver type credit platform implemented through a method, computer system, and computer-implemented algorithm directed at compensating peer-to-peer lending circles' participants for the time value of money and time-driven default risks, and allowing borrowing against a credit rating-based credit limit. |
| 主权项 |
1. An improved online computer-based peer-to-peer lending and saving method comprising:
receiving, by a process running on a computer system, credit-related information from a plurality of participants; correlating and transmitting electronically said credit-related information into a credit-scoring module; determining and assigning credit ratings and credit rating-based maximum credit limits for each of said plurality of participants; defining peer-to-peer lending circles based on said credit ratings and said credit rating-based maximum credit limits; for each of said lending circles, determining an interest rate, an amount of monthly contributions from each of said plurality of participants joining said circle, and monthly payment increases to compensate for time value of money and risk of default; allowing said participants to select one or more said lending circles whereas said participants cannot be assigned to lending circles with a credit rating higher than that of said participants, and having no less than two, and nor more than 12 of said participant per each of said lending circles; allowing said participants to select one and only one funds distribution month per lending circle within a 12-months period, such that no two participants of the same lending circle select the same distribution months; collecting from each participant in the defined lending circle the sum of money they are obligated to contribute in the current month or period; distributing monthly contributions from of each of said participants of each lending circle, less costs, to a participant who selected the current month as the participant's funds distribution month; terminating each of said lending circles after last participant of each circle receives said last participant's funds distribution. |
