Business Products & Services

The Key Elements of Great Paystubs

Best Ways to Tell the Difference Between a Fake and a Real Paystub.

Paystubs display and convey valuable information that is used by banks and financial institutions. Loan applicants produces paystubs in banks to reveal their credibility in order to acquire loans. A paystub is a document that notifies a person when payment transactions are carried out which may include salary payment. All the possible insurance deduction, taxes and the net earnings of the employee are relayed on a paystub.

However, banks require this pieces of documents to evaluate the eligibility of the employee to acquire loans from them. The financial institutions have the objective to make sure the related paystubs are valid and real. Even if the employee is not actually eligible for a loan, some agencies often assist them in fixing false information into the document. These parties put false information on the fake paystubs. Fake paystubs have the employees. payment details altered. All this is done to aid the employee from acquiring loans from bank accounts. Renting of a house and leasing of equipment are some activities where paystubs are used. The borrowers’ and tenants’ credibility is conveyed by paystubs.

The paystub document must be examined by financial, leasing and renting entities before using them to carry out any transactions. To ensure the information on the paystubs is valid it should be compared with the information on other documents like the security cards. The bank institutions and other entities must make sure that the information on the paystub matches the information on the other documents.

It is important to examine the quality of the paystub. The way they paystubs are printed tells about their quality. To know where the paystub is tampered with, the characterization of letters and numbers should be examined closely. Some of the signs of a fake paystub include non-matching fonts, improper spacing of the characters and presence of dark lines in the document that gives the proof of editing. The layout of the paystub tells whether it is real or fake paystub. The difference between a real and a fake paystub can be told through the arrangement of rows and columns of the document according to the distribution of numbers and letters.

There should be close examination of the document’s numbers to avoid any cases of false information. Dates of payment of the employee’s salary by their employers is among the numbers of the paystub that should be examined. The employer’s way of paying their employees must match the mode of payment stated on the paystub. There should be no conflict of number while assessing the duration of working and payment of the work done by the employee and their earnings. This shall depend on the period through which they are paid with the total yearly earnings in which the amount must equal the amount they paid after that specific duration. To know if the document is fake or real, it is worth inquiring about the tax payments.
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