Proliferation of Fake Pay Stub Sites Show How Easy Fraud Is
Everybody wants to pretend they are rich when they apply for a loan. But everybody wants to pretend they’re poor when they have to pay it back. Most people are honest, but there are quite a few that are willing to pretend they’re rich and even lie about how much they make. And a plethora of fake paystub […]
Machines Can Identify Income Fraud Without Verification
Income Fraud is one of the most common types of fraud that impacts lenders. People lie about their income in order to qualify for the loan. As a case in point, 1 in 5 borrower’s admitted in a survey that they misrepresented their income on their application for a car loan. In Australia, 1 in 6 […]