A better credit rating system. The current one kinda sucks, no offense to Transunion, Experian, and whatever that other one is. Just because Joe Schmoe was unem

A better credit rating system. The current one kinda sucks, no offense to Transunion, Experian, and whatever that other one is. Just because Joe Schmoe was unemployed 18 months ago and struggled to pay the rent, much less pay the bills, does not mean that Joe Schmoe is currently unable to do so. A creditor can claim a debt from Sally Schmoe, and Sally has little recourse in fighting it -- it's ridiculously complicated to combat something you know nothing about. Usually she winds up just paying the bogus bill to get it off her credit report. The whole thing is a racket. I have been working in consumer credit modeling for last three years and currently consult in this area. Despite the deficiencies, the credit scoring model (introduced in 1950s) is still the most effective model. Banks and lending institutions do overlay behavioral scoring models to achieve somewhat better results. But including social knowledge is still in infancy and mostly at research stage. If you have any specific thoughts, I will love to hear them.