If You Think You Get Paystubs, Then This Might Change Your Mind

Reasons Behind Outlawing of the Fake Stubs

A pay advice and a pay advice are other names of the pay stub. This is a document which indicates that a certain amount has been deposited into your account. The stub contains the gross amount, deductions and the net amount. Insurance contributions, taxes, pension contributions and loan deductions are some of the main deductions on the stub. A stub may be used in taking loans, buying cars, renting real estate property and as a validation of payment.

Nowadays, a lot of businesses and companies upload the pay slips of their employees on the website so as to reduce paperwork. We also have a lot of cases of fake stubs. A fake stub is used in deceiving someone that you deposited some salary in his/her account. Is It Illegal to make fake pay stubs? Yes, it is and the following are the reasons.

Making a fake stub is a forgery. Forgery is an illegalized activity. Since the original stubs have features such as stamps, watermarks, and seals, one must find ways to incorporate these features on the fake stub in order to have a copy which looks like the original. In order for the security features to be included on you fake stub, you must talk to the relevant officials. This results in bribing which is corruption.

A fake pay slip will give false promises. One is supposed to provide a pay slip in order to be issued with a loan, given a car or a real estate property. In case the real estate investor, car dealer, and the financial institutions come to know that your stub is fake, they will give no property, car, and money respectively. One may also be charged with forgery in a court of law. The bank, car dealer, and the real estate investor may suffer losses as a result of receiving fake stubs.

The fake stubs make people think you are rich. Upon producing fake stubs, all people will believe you have money in your account and you may end up getting some favors. The fake stub may also be used to request loans from your friends and relatives.

On a fake pay advice, you will find wrong information and amounts. False information and miscalculations are common on the fake payslips since they are produced by incompetent people. On the fake stubs, incorrect words and improper placing of the decimal points are the major mistakes.

A fake pay slip may be used in refraining from the financial responsibilities. In order to be relieved from carrying out some tasks which require money, you may produce a fake stub with a less amount of net income. The task will then be assigned to another person who has the financial capability.

These are the reasons why it is illegal to produce a fake pay slip.

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