Catherine B Reynolds

Address:

PO Box 9870, Mc Lean, VA 22102

Phone:

(703)7340023

VIN:

WDDNG77X38A154274

Make:

MERCEDES-BENZ

Model:

S-CLASS

Year:

2008

US Patent:

20100114777, May 6, 2010

Filed:

Dec 31, 2009

Appl. No.:

12/650665

Inventors:

Michael T. Rusk - Laurel MD, US
Catherine B. Reynolds - McLean VA, US
Paula K. Darling - Great Falls VA, US
Matthew W. Murray - Vienna VA, US

Assignee:

EDUCAP, INC. - McLean VA

International Classification:

G06Q 40/00

US Classification:

705 44, 705 39

Abstract:

Methods and systems for administering a dual component financial instrument (DCFI) are described. The DCFI includes a revolving loan component and one or more installment loans. A holder of the DCFI account can use the revolving loan to pay for expenses, e.g., educational expenses. At predetermined intervals, e.g., annually on the anniversary date of the DCFI account, a new installment loan is automatically created on behalf of the account holder to pay off the revolving loan. Automatically creating an installment loan to pay off the revolving loan frees up the revolving loan for use by the borrower to pay for expenses during the next interval, e.g., the next school year, and allows the lender to quickly and efficiently securitize portions of the funds provided to the borrower.

US Patent:

20060195390, Aug 31, 2006

Filed:

Feb 28, 2005

Appl. No.:

11/066445

Inventors:

Michael Rusk - Laurel MD, US
Catherine Reynolds - McLean VA, US
Paula Darling - Great Falls VA, US
Matthew Murray - Vienna VA, US

Assignee:

EduCap, Inc. - McLean VA

International Classification:

G06Q 40/00

US Classification:

705038000

Abstract:

Methods and systems for administering a dual component financial instrument (DCFI) are described. The DCFI includes a revolving loan component and one or more installment loans. A holder of the DCFI account can use the revolving loan to pay for expenses, e.g., educational expenses. At predetermined intervals, e.g., annually on the anniversary date of the DCFI account, a new installment loan is automatically created on behalf of the account holder to pay off the revolving loan. Automatically creating an installment loan to pay off the revolving loan frees up the revolving loan for use by the borrower to pay for expenses during the next interval, e.g., the next school year, and allows the lender to quickly and efficiently securitize portions of the funds provided to the borrower.