Is It 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. It might be true that you need the loan badly but making a fake pay stub is going to put you in more trouble than you already are in. In most cases, the fake pay stubs are used when applying for car loans. 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. Another group that chooses the fake pay stub path are those who do not have a job or people who have not held the position they are currently in for long.
Even though you might think that the fake pay stubs will solve your problems, the hope you are promised is usually false. Changes are made in the employment duration, salary scale, company, education grades and level in the generation of the fake pay stub. 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. For the contract between the borrower and the lender to hold, the information provided should be accurate and by forging that you are breaching the terms and conditions and the institution you are getting the money from can sue you for lying in the contract.
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.