Centrro Issued a Patent for Loan Matching Using Consumer Credit Data

U.S. Patent No. 7,620,597 is critical to efficient financial services shopping for consumers

Jan 28, 2010, 06:00 ET from Centrro Inc.

OAKLAND, Calif., Jan. 28 /PRNewswire/ -- Centrro, Inc., a leading developer of online personal financial services today announced that the company was issued U.S. Patent No. 7,620,597 titled "Online Loan Application System Using Borrower Profile Information" on 11/17/2009.  The patent covers matching consumers with loans (or other financial instruments they would qualify for) before they ever apply.

"We are pleased that the U.S. Patent & Trademark Office has issued Patent No. 7,620,597," said Ike Eze, president and CEO of Centrro. "In the past consumers have had to guess, through submitting an application, which loans they would qualify for.  Now they will know all their options before ever applying." The system does not affect a consumer's credit score and uses financial institutions' criteria.

To view the patent as it appears on the U.S. Patent office website, click here.

About Centrro, Inc.

Centrro helps consumers determine their credit risk and find loans and credit that best fits this unique risk. Our service at Centrro.com, is 100% FREE. The transparent marketplace pulls consumers' credit reports for free and translates it to an easy-to-understand grade that communicates credit risk. Using this, consumers shop anonymously for products that fit their credit profiles before applying, translating to higher approval rates from lenders and higher satisfaction rates for customers. For more information, please visit www.centrro.com.

SOURCE Centrro Inc.