Ok I am the system admin for a small company. This chick I work with wants a car but her credit score is in the 400s. So her dad is going to co-sign. They are financing the car through a lender who works with the dealer. Her dad has to give the dealer a check stub that shows his year-to-date income.
The issue is that she said her dad makes more money than he really makes. So she wants to forge a check stub. She asked me to log into the payroll files and print a stub so she can see what it looks like, and make a copy of it but change the info so it shows what she wants her dad's income to be. The loan wont go through unless his income is higher. Her income is decent, but her credit is just horrible, but she can afford the payments.
Anyway I REFUSED to print that stub!!!! First of all I dont have direct access to the payroll files. I would have to snoop in the accountant's files by logging on as him and thats not gonna happen.
Besides, isn't this loan fraud?
2007-03-16 16:40:30 · 3 answers · asked by Jesus Pleaseus 2 in Business & Finance ➔ Personal Finance
by the way shes really mad at me for not "having her back" lol
2007-03-16 16:41:29 · update #1
YES, this is loan fraud ! Any time information to a lender is falsified to cause them to provide a loan based upon such incorrect information, loan fraud is committed. If this young lady's father provides such a falsified check stub to the lender, HE is the one guilty of loan fraud. And YOU, my friend, would probably get fired if your superior should discover that you actually printed such a check stub. Continue on your path, and tell this dear woman to GET LOST !
2007-03-17 07:29:51 · answer #1 · answered by acermill 7 · 0⤊ 0⤋
in case you cosign? you do not cosign to your guy or woman loan. You get somebody else to cosign on your loan. They instructed you that while you're making money for 6 mos, you are able to refinance on your guy or woman call. Bogus. as quickly as you purchase the motor vehicle, the motor vehicle broking has actual no say to the financial corporation approximately financing or refinancing. The financial corporation paid the motor vehicle broking for the motor vehicle on your behalf. Now this is between YOU and the financial corporation. the motor vehicle broking has not greater pastime interior the motor vehicle or the loan. this is as much as the financial corporation no count while you're qualified to refinance or not. The loan settlement is between YOU and the financial corporation. the motor vehicle broking is long long gone over the horizon, under no circumstances to be viewed or heard from back. you will would desire to coach who replaced the income quantity on the loan application. this is my wager from analyzing different ripoff comments and such which you got the motor vehicle via invoice Heard (out of corporation now?) orpersistent Time? or another fly-by employing-nighttime broking devoid of scruples. i'm stunned the motor vehicle remains working. the motor vehicle you got replaced into overpriced.
2016-12-19 07:20:31 · answer #2 · answered by roedel 3 · 0⤊ 0⤋
Yes it is fraud........you did the right thing not to go along with it. If the truth was ever found out, it probably would have fell back on you!!
2007-03-18 01:25:02 · answer #3 · answered by robbies girl 1 · 0⤊ 0⤋