Debt encourages fake pay slips
Borrowers desperate for mortgage and loan acceptance are risking serious debt by purchasing fake pay slips online.
Websites offering fraudulent services are allowing customers to modify their pay slips by adding information which will impress creditors and provide them with the finances that they are seeking.
With lenders being more generous with loans, security checks are not always completed and borrowers could risk debt at the highest level, simply by pulling the wool over the eyes of their creditors.
When questioned, these dubious websites defended their practices by claiming that they provide duplicate wage slips for people who may have lost their original through fire, burglary or flood damage. However, the Chairman of IPP (Institute of Payroll Professionals) states that it is fraudulent to provide a pay slip to anyone when there is no documentary proof that the earnings stated are correct.
Providing pay slips based on the hearsay of an individual is grossly irresponsible and will lead to even more people joining the debt bandwagon. Bankruptcy and home repossessions will force many into financial ruin as well as the possibility of facing criminal charges for providing fraudulent documentation in order to receive credit.
If you are considering using fake documentation to receive a loan or mortgage then you are clearly not in a position to make repayments.
Seek debt help so as you can manage your current financial difficulties and look forward to applying for credit legitimately and with a clean credit rating.
Debt Advice News posted on 02/10/2007 15:54:59
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