Income verification

Income verification is the process of confirming a person's income to ensure they have the financial means to meet obligations like loans, rental agreements, or benefits. It typically involves reviewing documents such as pay stubs, tax returns, or bank statements. This process helps lenders or landlords assess risk, determine eligibility, and set appropriate terms. Accurate income verification provides a clear picture of an individual's earning capacity, reducing uncertainty and supporting informed decision-making for both parties involved.