Payscore: Difference between revisions
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User freedom: Often the usage of this service is mandatory for anyone renting or getting a loan.<ref>{{Cite web |last=u/Competitive-Mud-4898 |date=May 31, 2024 |title=Property management and income verification |url=https://old.reddit.com/r/alameda/comments/1d4zgp7/property_management_and_income_verification/ |access-date=Mar 22, 2025 |website=Reddit}}</ref> | User freedom: Often the usage of this service is mandatory for anyone renting or getting a loan.<ref>{{Cite web |last=u/Competitive-Mud-4898 |date=May 31, 2024 |title=Property management and income verification |url=https://old.reddit.com/r/alameda/comments/1d4zgp7/property_management_and_income_verification/ |access-date=Mar 22, 2025 |website=Reddit}}</ref> | ||
User privacy: Shares user info solely between consumers and renters as per section 3 of TOS.<ref>{{Cite web |last=Payscore |title=Terms of Service |url=https://www.payscore.com/terms-of-service |archive-url=https:// | User privacy: Shares user info solely between consumers and renters as per section 3 of TOS.<ref>{{Cite web |last=Payscore |title=Terms of Service |url=https://www.payscore.com/terms-of-service |archive-url=http://web.archive.org/web/20251211120300/https://www.payscore.com/terms-of-service |archive-date=11 Dec 2025|access-date=Mar 24, 2025 |website=Payscore}}</ref> However because of the mandatory requirement of sharing your bank credentials, the service may be sharing private transactions with landlords,<ref>{{Cite web |last=u/peachblueberrymuffin |date=Jun 5, 2023 |title=Is pay score legit? |url=https://old.reddit.com/r/renting/comments/141r3bf/is_pay_score_legit/ |access-date=Mar 24, 2025 |website=Reddit}}</ref><ref>{{Cite web |last=u/sividis |date=Jun 10, 2024 |title=Apartments now require access to Bank accounts? |url=https://old.reddit.com/r/sandiego/comments/1dcrgg3/apartments_now_require_access_to_bank_accounts/ |access-date=Mar 22, 2025 |website=Reddit}}</ref> which may be sold. | ||
When the company was formerly known as ''The Closing Docs'', they were also selling "anonymized" user data.<ref name=":0">{{Cite web |last=u/missile_lily |date=Jan 10, 2023 |title=Landlords using service that requests and resells entire financial records |url=https://old.reddit.com/r/privacy/comments/108kn7q/landlords_using_service_that_requests_and_resells/ |access-date=Mar 22, 2025 |website=Reddit}}</ref> | When the company was formerly known as ''The Closing Docs'', they were also selling "anonymized" user data.<ref name=":0">{{Cite web |last=u/missile_lily |date=Jan 10, 2023 |title=Landlords using service that requests and resells entire financial records |url=https://old.reddit.com/r/privacy/comments/108kn7q/landlords_using_service_that_requests_and_resells/ |access-date=Mar 22, 2025 |website=Reddit}}</ref> | ||
Revision as of 22:37, 22 February 2026
❗Article Status Notice: This Article is a stub
This article is underdeveloped, and needs additional work to meet the wiki's Content Guidelines and be in line with our Mission Statement for comprehensive coverage of consumer protection issues. Learn more ▼
| Basic information | |
|---|---|
| Founded | 2017 |
| Legal Structure | Private |
| Industry | Fintech |
| Also known as | |
| Official website | https://www.payscore.com/ |
Payscore is a payment management platform founded initially as The Closing Docs by Sephen Arifin and Mark Fiebig in October 2017. Its advertised purpose is to verify the authenticity of renters.
Consumer-impact summary
User freedom: Often the usage of this service is mandatory for anyone renting or getting a loan.[1]
User privacy: Shares user info solely between consumers and renters as per section 3 of TOS.[2] However because of the mandatory requirement of sharing your bank credentials, the service may be sharing private transactions with landlords,[3][4] which may be sold.
When the company was formerly known as The Closing Docs, they were also selling "anonymized" user data.[5]
Business model: Property managers and lenders pay a fee to use their service to cover verifying rent.
Market control: Some competition, such as from Plaid and Yodlee.
Incidents
This is a list of all consumer-protection incidents this company is involved in. Any incidents not mentioned here can be found in the Payscore category.
Selling user data
When the company was formerly known as The Closing Docs, they were selling "anonymized" user data.[5]
Example incident two (date)
...
See also
References
- ↑ u/Competitive-Mud-4898 (May 31, 2024). "Property management and income verification". Reddit. Retrieved Mar 22, 2025.
{{cite web}}: CS1 maint: numeric names: authors list (link) - ↑ Payscore. "Terms of Service". Payscore. Archived from the original on 11 Dec 2025. Retrieved Mar 24, 2025.
- ↑ u/peachblueberrymuffin (Jun 5, 2023). "Is pay score legit?". Reddit. Retrieved Mar 24, 2025.
- ↑ u/sividis (Jun 10, 2024). "Apartments now require access to Bank accounts?". Reddit. Retrieved Mar 22, 2025.
- ↑ 5.0 5.1 u/missile_lily (Jan 10, 2023). "Landlords using service that requests and resells entire financial records". Reddit. Retrieved Mar 22, 2025.