Drawbacks of Using Fake Pay Stubs
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. It is true though that you need the loan badly, but if you consider making fake pay stubs, this will only place you to more troubles. For most cases, fake pay stubs are usually used only in applying for car loans. Those who usually go to such kind of extent are those who are actually paid on a daily basis through cash and tips, which means that they don’t have any official documents that attests on the amount which they claim to earn. Those who obtained an employment opportunity and is not able to give a current pay stub due to the time they were employed can be a hindrance on them procuring loans or when they lost a job is in a dilemma if they are being asked for a pay stub and it may make it like getting fake pay stubs is the only exit.
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. Take note that the people making them in fact just alter information about your education level as well as your scores and grades and the company who you are working with and the salary which you get and to how long you were employed. This may seem something like a small price to pay due to the benefits that you could get when the loan goes through, but after the lender realize it, you will surely have a strained relationship. Be sure to see more here!
There’s a good chance that you will be needing a loan in the future, making it important that you work on making good relationships with the lender and avoid tearing it apart simply of 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. Check this link to know more!
If you are going to go through a middleman for you to acquire the loan, you are actually putting your business in jeopardy as well as the relationship which you have with the lender. You will not only have a felony which you should be worrying about when you are sued, but with the information made to public, other lenders will surely be wary in dealing with you due to the reputation will be tainted. See this video at https://www.youtube.com/watch?v=RmAhkzEqfbI for more insights about paystub.