Fake Pay Stubs – The Negative Effects
Pay stubs are very important when you wish to get a loan approval, but you should be wary if you break the law just for you to acquire the loan. Though it is really true that you need the loan badly, but making fake pay stubs will only place you in more trouble compared to before. In most cases, a fake pay stub is only used to apply for car loans. Some people in fact reach to such extent are usually those who are being paid on a daily basis through tips and cash, meaning they don’t have any official document which attests with the amount they are claiming to earn. People who have acquired an employment opportunity cannot give a current pay stub simply because of the time they were employed, which can be a hindrance to them in getting loans or if ever they lost a job it adds more problem when they are asked for a pay stub, which makes the option of getting a fake pay stub to be the only solution to the problem.
You may have think that fake pay stubs can actually help to solve your issues, but the hope that you are promised is actually fake. You have to bear in mind that those who made it simply alter information about your education level, scores, grades, company who you are working, salary and to how long you have been employed. Though it seems that it is just something a small price to pay due to the benefits which you could get after the loan goes through, but once the lender realize it, you will surely be ending with a strained relationship. Due to the fact that there’s a good chance you will need a loan in the future, you should work to making better relationships with the lender and avoid destroying it due to lies. To make the contract between the borrower and the lender durable, the information that should be provided needs to be accurate and by forging that you damage the terms and conditions and the institution that you acquired the money from can sue you because of lying on the contract.
When going through a middleman just to get the loan, you are in fact putting the business in jeopardy and also the relationship they have together with the lender. You not only have a felony which you need to worry when you are sued but the information that’s made public, other lenders are going to be wary in dealing with you due to the reputation on what the loan application is concerned is tainted already.