ironically this was not a problem to small banks in small towns before the conglomerates took over with credit scores. this is trying to shoehorn the wrong sol

ironically this was not a problem to small banks in small towns before the conglomerates took over with credit scores. this is trying to shoehorn the wrong solution to a problem. a local bank would see very easily that the person the article opens with was developing a borrowing addiction. they would also not lend to too many people investing on the same market in the same region, etc. all things that a centralized system can't kown very well, even if they know everything about your past.