Q: What did you take away from that experience? A: After the PayPal IPO in 2002, I was perfectly fine financially and made all the efforts to clear my name and credit. It took almost a decade. The FICO score was popularized in the 1980s. The standardization and the push that took place back then was pretty awesome, but it’s quite outdated. Q: How so? A: What used to be a slow ramp, where you had your first apprenticeship after college and very slowly gained your earning capacity … the world just doesn’t look like that anymore. People don’t hold jobs for long. Their earning ability changes. They get vocational training through alternative learning platforms. Your financial and purchasing ability changes a lot faster than it used to, and your credit score should reflect that reality. 

http://www.bloomberg.com/news/features/2015-09-03/four-entrepreneurs-talk-about-the-fintech-revolution