Maybe you have heard about fake pay stubs, and you could be wondering how they work. Before you make that move, stop and think about whether it is right or wrong and what consequences come with it so that you do not regret afterward. Pay stub fraud is becoming common nowadays, and this article discusses some facts about it.
Fake pay stubs are popularly used whenever one is trying to get a loan from a financial institution. Loan lenders require details about individuals to assess their financial abilities before they give out the money. A person’s monthly income is a measure of his or her financial strength and ability to pay the loan, and that is what lenders check. Those who are not employed, or perhaps they are employed but they do not earn much would opt for fake pay stubs to increase their chances of getting the loans. You should provide true information during your loan application, and thus, honesty is crucial. If a lending institution discovers that you have submitted false information on your pay stub, you could be in for a lot of trouble. It is an offense that has consequences such as hefty penalties and long jail terms.
Desist from presenting fake pay stubs to government agencies, insurance companies, and financial institutions. Generating a fake pay stub might be an easy undertaking, but the consequences are dire when you are caught with them. Nowadays, you can get online tutorials on making fake pay stubs, or you can get individuals or companies that can do it. Well, you might have pressing needs for money but do not opt for fake pay stubs. Try to avoid generating fake pay stubs because the implications are adverse.
Be wary of accountants who advocate for fake pay stubs. That alone is a red flag that you should not hire the accountant, and he is likely to mislead you commit more grievous mistakes. There are better ways of getting authentic pay stubs, and your accountant should be aware of them and advise appropriately. Sometimes, an employee might not wish to have a fake pay stub, but an employer would generate one without the employee knowing. It might be surprising, but they do it for various reasons. Employers can generate fake pay stubs for several reasons such as when they are evading taxes or when they operate some illegal business. When you realize that your employer is generating fake pay stubs for you, contact an employment advocate for advice. It is not expensive to hire an employment lawyer because lots of them are available.
Now that you are aware of the consequences of using fake pay stubs, you must not generate them but instead, produce genuine pay stubs from online pay stub generators with correct information and authentication. It is a simple and worthwhile process.