What is income verification?
Income verification confirms that an applicant earns enough income to afford a rental home. Instead of reviewing documents like pay stubs or offer letters, Payscore uses secure, automated verification to calculate income directly from verified financial data sources like banks and payroll providers.
This approach helps reduce errors, speeds up decisions, and prevents issues caused by altered or outdated documents.
How Payscore verifies your income
When asked to verify your income, you’ll securely connect your bank account or payroll provider using an encrypted third-party service. Payscore does not store your login credentials or move money in or out of your account.
We only analyze income-related transaction data to determine:
How much income you earn
How consistent that income is
Whether it meets the requirements for the application
Why you’re asked to do this
Income verification helps property managers:
Make fair, consistent decisions
Reduce fraud and document errors
Approve qualified applicants faster
For you, it often means less paperwork, fewer follow-ups, and quicker results.
What happens next
Once you complete income verification, Payscore generates a report and securely shares the results with the party reviewing your application. You’ll be notified if any additional information is needed.
Your privacy and security
Your data is encrypted and used only for verification purposes. Payscore never sells your information, and access is limited to what’s required to complete your application.