SYSTEM AND METHOD FOR AUTOMATED FLEXIBLE PERSON-TO-PERSON LENDING

摘要

A computer method for automating person-to-person lending comprises recei ving from a user over a computer network at least one custom periodic paymen t amount for a loan period of a person-to-person loan; generating a custom l oan schedule based on the custom amount; and transmitting the custom loan sc hedule over the computer network to the user. A further method comprises rec eiving from a first user over a computer network a request to modify at leas t one specific periodic payment amount for a loan period of a pre-existing p erson-to-person loan; receiving from a second user a consent to the first us er's request; and generating a revised loan schedule for the loan based on t he request to modify the payment amount. Another method comprises retrieving from a database loan history data for a person-to-person loan; and transmit ting the loan history data to a credit reporting agency over a computer netw ork.