The business of tabulating and reporting consumer credit scores is one of centralizing diffuse information and then reselling it to clients. But the internet has proved a challenge to this business model, and this space will likely be no different. Already, niche startups are emerging that circumvent the oligopoly of FICO score reporting agencies. These companies allow landlords to share information directly with other landlords about tenants' rental histories, potentially allowing them to avoid paying an incumbent reporting agency for a credit report. Other services target tenants, offering them the opportunity to present their own rental history. Of course, the established agencies may look to license this data, to better flesh out their own scores, but this doesn't change the fact that the internet allows peers to coordinate and share information with each other without the need of a centralized authority. Combined with nascent models such as peer-to-peer lending exchanges, services such as these may help disrupt financial institutions that have so far been very slow to adapt to new technologies.
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