CREDIT HUNGRY OR WHAT

[Anonymous]

I have a fellow worke

[Anonymous]

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@Anonymous wrote:

I have a fellow worker that shared he was asked for pay stubs and W-2 for a big starting limit..he annouced he was gonna doctor his forms to inflated his income by 40k....I am like "Randy, I think the bank can file charges if its discovered you falsified info especially W-2"......will they just withdraw his app or what if they discover the docs are fake?

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true - you've just described a potential criminal case for financial fraud

[Anonymous]

In the past, I have inflated my income from 35k to 45k...which I don't do anymore..but fake docs are a whole different ball game. His thought process is that they will not check them...a big roll of the dice..

[Anonymous]

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@Anonymous wrote:

In the past, I have inflated my income from 35k to 45k...which I don't do anymore..but fake docs are a whole different ball game. His thought process is that they will not check them...a big roll of the dice..

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and a big difference between a 10k inflation vs a 40k inflation...the first is hard to check, the second significantly easier

[Anonymous]

He says he put the 40k higher on his app not expecting any verification....they did ask so he thinks just send fake docs supporting app...just not a wise decision...hell they may not check, who knows...I wouldnt gamble.

[fltireguy]

Any way you look at it, it's fraud.  He should call the income what it actually is, and there might not even be that much of a difference in SL..

[Anonymous]

Wow, I've heard of rounding up a little (example; made $44,567 put down $45,000) but $40k. Crazy IMO! I usually under estimate my income from my full time job and never include income from my causal job (last year around $16k gross from casual). To me, it keeps me from getting over extended, and I can usually PIF on most every month but always within 6 months. Listing $40k more is not only fraudulent but can get you in way over your head. If it was me, first I'd never inflate my income by $40k, but your friend should just let the application die and forget it. But, I have a really funny feeling that your friend will not. As the saying goes "stupid is as stupid does".

[DeeBee78]

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@Anonymous wrote:

I have a fellow worker that shared he was asked for pay stubs and W-2 for a big starting limit..he annouced he was gonna doctor his forms to inflated his income by 40k....I am like "Randy, I think the bank can file charges if its discovered you falsified info especially W-2"......will they just withdraw his app or what if they discover the docs are fake?

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I would love to list my household income of 147K on applications, but my partner does not repay my debts, and I don't repay his. 

[Anonymous]

We actually had a news story here on a guy found guilty of 10 counts of fraud for lying on a credit app to a CU to receive a bigger loan. He was a government official and had to step down from his job because of it. He took a plea bargain to avoid time.

[AverageJoesCredit]

Deebee, id love to use your 147k lol, but unfortunately, or fortunately, stupid is as stupid does

Op, convince your friend, a credit card is not worth the hassle or consequences of dealing with Big Brother.