[chrisco255]

Build a decentralized version. If it was built on blockchain you could: 1) save the original agreement in IPFS; 2) encode the payment terms into a smart contract; 3) record all payments on the blockchain as proof of payment. This could all be abstracted from user.

[fedorareis]

How does any of that help though? All you have done is move the existing system to blockchain. But if creditors still want to pull FICO scores to determine if someone is suitable it will still be the same result. Also the ability for information to fall off your credit report over time or for hard inquiries to be grouped together is a feature not a bug. If you went with a blockchain approach that bankruptcy from 11 years ago will always be on your report but with the current system it isn’t there because it is no longer determined to be relevant.