![]() ![]() This guide will look into ways lenders can significantly reverse the chances of falling for fake documents while lending. Loan write-offs are directly associated with document manipulation. ![]() Furthermore, fake documents for loans result in a 60% loan write-off rate. Unfortunately, PDF versions of bank statements can be tampered with or even entirely fabricated.įor instance, a Google search on ‘make a fake statement’ will open up dozens of websites that create a wholly fabricated bank statement with any numbers you desire.Īlternatively, fraudsters can start with a real bank statement and adjust the text using PDF editing software like Adobe Acrobat Pro to change the numbers, payees, and totals to indicate more revenue and cash flows.Īccording to research, 5% of all loan application documents submitted through an online channel have been tampered with. Lenders often seek bank statements to verify prospective customers’ income, cash flow, or assets for loan disbursement.
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