Learning The “Secrets” of Businesses

The Ugly Side of Making Fake Pay Stubs.

Pay stubs are essential when you are looking to get a loan approval but you should be wary of breaking the law in the naming of getting the loan. People do desperate things when they are looking for a loan but remember that whatever emergency or trouble you think you are in will be made worse if you have fake pay stubs made for you. This is a problem that is common among loan applicants who are seeking financing to get a car. People who are mostly pushed to such extents are those who are paid on a daily basis in form of cash and tips which means they do not have any official document that attests to the amount they say they have been earning. Those who have lost their employment or have just started working will face a pay stub problem too which can send them to the extreme edge.

No matter what you have read of being told to convince you that what you are doing is right, fake pay stubs are actually illegal. Remember that the people who make them alter information regarding your education level and the grades your scores, the company you are working with, the salary you are getting and how long you have been employed. A lot of people do not think past getting the loan because if you do you will realize that once this comes to the attention of the lender the relationship you had built up to that point will be gone. Remember that you want to borrow from the same lender again in the future and if you do not maintain the relationship then you ought to find another institution to borrow from. Also, you will have signed a contract to get the loan and if the forged documents are realized after the loan has been processed, it will be null and void which means the lender will have the right to take legal action against you.

You are not the only person who will be affected by this because even middlemen were involved like loan brokers, rental management companies, and even car dealerships, this will reflect badly on them in the eyes of the lender because it will mean they did not do a great job in vetting you and it is not right to destroy someone else’s dream no matter what you are going through. When the case is out, you will not just be charged with a felony but remember that it can destroy your reputation in the lending field such that no financial institution will ever touch you. Not every lender will sue you and some will just deny you the financial aid you were seeking.

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