Pay stub fraud jumps into secured lending
If any of you want to know why some lenders demand pay statements over and above employment letters here's a reason why.
People lying or padding income disclosure on credit card applications is not a new thing. People lie because they think the CC issuer will never ask for proof of income or even perform employment verification.
Many may see some lenders are tightening these measures due to fraud and loan defaults.
Flagged if caught.
https://www.autonews.com/finance-insura ... to-lending
People lying or padding income disclosure on credit card applications is not a new thing. People lie because they think the CC issuer will never ask for proof of income or even perform employment verification.
Many may see some lenders are tightening these measures due to fraud and loan defaults.
Flagged if caught.
https://www.autonews.com/finance-insura ... to-lending
----------------------------Licensed Credit Bureau member, S1, FI Automotive, CCP
forums most banned = x 13 and counting, guess who that is?... stomped to the curb once again