Why It is Illegal To Make 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. This is a problem that is common among loan applicants who are seeking financing to get a car. If the job you do involves daily payments in form of cash and tips, you will not be expecting any bank deposit from your employer at the end of the month and this means you will not have a pay stub. 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. In the generation of the pay stub, the people doing the work will change details of your education and the grades, your place of work, how long you have held the position you are in and even the amount of money you are getting. You may be thinking about the financial gains you will get at the time you are paying for that but remember that if caught your relationship with the lender will be ruined. 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.
If you were applying for the loan through a middleman like a rental management company, a loan broker or car dealership, you might end up destroying any relationship they had built with the lender because it will show that they were not thorough when running a background check on you. 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.