RIKI™ is not intended to be a clone of any existing credit score or other measurement. It is an independent measure, not a summary of other credit information. Use it alongside other information about a borrower’s creditworthiness. RIKI™ is especially useful with borrowers who have thin credit files, since it is based on income and expenses, not credit history.
- General FAQs
Does RIKI™ replace other measures?
What aspects of RIKI™ will change with further research?
What values does RIKI™ impose on borrowers’ behavior?
Does FormFree’s analysis make behavioral or demographic models of borrowers?
Does FormFree’s analysis use machine learning?
Does FormFree’s analysis use artificial intelligence?
Where does FormFree get the data to compute residual income and RIKI™?
Why aren’t residual income and RIKI™ reported for all borrowers?
Is RIKI™ affected by FICO score, location, home ownership, rent history (etc.)?
Why does FormFree’s software classify transactions?
What information goes into residual income and RIKI™ calculation?
What is discretionary spending?
What is adjusted residual income?
What is residual income?
How does FormFree measure ability to pay?
What is ability to pay?
What is RIKI™?