I have question a bout "proof of income" I wasn't totally honest about my income on applications. but then they didn't ask for proof of income. How can they know I didn't have the income I said i did when i applied???
IF THEY DON'T ASK FOR PROOF...DON'T WORRY... They "MAY" call employer... IF it asks for H/H INCOME...they can't know if it is CORRECT OR NOT...
THEY DIDN'T ASK FOR PROOF OF INCOME AND NOW I'M CONSIDERING BANKRUPTCY AND I'M SCARED THEY WILL COME AFTER ME WITH FRAUD CHARGES.
Well, if I'd loaned you money I'd want to file fraud charges too. It's not fair for people to complain about how unfair the "system" is when they don't have the ethics to be honest and tell the truth. There's a good reason for asking how much you make--it's to make sure that you can't get in over your head.
Under Federal Bankruptcy Law, there does exist a little thing called a "presumption of fraud". ie;(C) for purposes of subparagraph (A) of this paragraph, consumer debts owed to a single creditor and aggregating more than $1,000 for ''luxury goods or services'' incurred by an individual debtor on or within 60 days before the order for relief under this title, or cash advances aggregating more than $1,000 that are extensions of consumer credit under an open end credit plan obtained by an individual debtor on or within 60 days before the order for relief under this title, are presumed to be nondischargeable; ''luxury goods or services'' do not include goods or services reasonably acquired for the support or maintenance of the debtor or a dependent of the debtor; an extension of consumer credit under an open end credit plan is to be defined for purposes of this subparagraph as it is defined in the Consumer Credit Protection Act; Be sure to check with a lawyer. .
