The Ugly Side of Making Fake Pay Stubs.
If you are applying for a loan, the lender will require some proof that you do get regular income and pay stubs can do that but you ought to make sure you are not breaking the law to make your point. No matter how bad you want the loan to be approved, remember that if you are caught in a fake pay stub scam you will be answerable to the court. In most cases, the fake pay stubs are used when applying for car loans. The people committing the fraud are usually people who are paid in cash which means they do not have a payslip to confirm that they earn what they say they or they are receiving tips which hike their 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.
Even though you might think that the fake pay stubs will solve your problems, the hope you are promised is usually false. 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. This might seem like a small price to pay considering the benefits you expect if the loan application goes through but once the lender realizes this, your relationship will crumble. 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. The loan application contract requires the borrower to be forthcoming about the information asked for and submitting a forged pay stub goes against the agreement which means the lending institution can sue you for that.
If you were going through a middleman to get the loan, you will be putting their business in jeopardy not to mention the relationship they have with the lender. 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. When the lender does not have the time to haggle with you, the application will be declined and you will have to find another way to get the money you needed.