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Dec
31

How to detect fake pay stubs online?

Detect Fake Pay Stubs

In the US, pay stubs refer to a small piece of paper that is given to employees along with their paychecks. These small pieces of paper, hence the term “stub”, contain the total amount the employee has received for that payment period, the salary deductions from taxes, insurance and what have you.

Pay stubs are often used as an easy and informal way for landlords and even lenders to verify your income. These stubs will be able to tell them if you have a stable income and if you can actually afford the space you are renting or the lease you are taking out. For the self-employed, I’ve heard some land lords also consider the balance stubs from check books enough documentation to show that you have a steady cash flow.

So why do landlords or lender require pay stubs? Can’t they just require renters to print out a bank statement of how much money they have in the bank? The problem with bank statements is that they can easily be faked. This is the reason why other people have resorted to asking for pay stubs. Pay stubs however are also getting faked online. This is becoming a problem for renters who believe, through documentation, that the renter has good credit standing or a stable income when in fact he doesn’t.

For all lenders and landlord’s out there here are some tips to help you weed out the fakes from the real ones.

Inconsistent Information

Look for any inconsistent information in the stubs. How to detect fake pay stubs online? Most websites that offer fake stubs online for a fee will have fake looking documents. The paper will most likely be of poor quality and the format or layout of the document will look off. In fact, if any of the documents look fake then they very well might be. Another thing to look out for are typos and misspelled words, a sure sign that the documents are not as official as they would like you to believe.

Numbers that don’t add up

How to detect fake pay stubs online tip number 2: always, always be particular with the numbers. Have a look at the values in the stub. You will find that a lot of times that the numbers just won’t add up. Pay attention to decimal points. Official documents will use a maximum of two decimal places THROUGHOUT the document. Watch out for inconsistencies, like using differing decimal places.

Ask Leasing Agent to Verify Pay Stub in Person

You can also ask a leasing agent, or you can do so yourself, to be there when the tenant prints out the pay stub. Better yet, ask for the pay stub to be printed in their place of work if they can and be there to physically verify it.

Check Paycheck/Paystub Number Sequences

Another way to spot fake pay stubs is to check the number sequences. Whether using check stubs or pay stubs the number sequences shouldn’t jump from 0 to 500 in a matter of days.

Fake Paycheck Stubs

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