A Customer’s Bank Told Him To Make Up Financial Information When He Wanted To Buy A Car, So He Maliciously Complied And Gave Them What They Asked For

Matthew Gilligan

2 weeks ago

Shutterstock/Reddit

This is shady, folks!

And it just goes to show you that some financial institutions are up to some sketchy business with customers.

Check out what this Reddit was asked to do and see what you think.

An eye opening experience with a bank.

“About 4 years back I was buying a used car.

My credit was okay, but I wanted to improve it so I decided to finance the car. I had $12,000 cash in the bank and the car only cost $5,000, but I decided to finance because it would help my credit and because I felt it wise to keep a financial cushion just in case.

Besides, I could pay it off any time.

So I go to the bank (where my money already is). I tell them I want a loan. I give them my last 2 years tax returns, showing I make about 50k/yr. They pull my credit, and it’s just fine, no negatives.

Well…

They tell me they need my last 2 months of pay stubs. At the time I owned my own company and was the only worker. I got paid commission on an irregular basis. As a result, there were no pay stubs. They insisted, absolutely had to have pay stubs.

I argued that they could see every deposit that was made, wasn’t that good enough?

No.

I straight up told them that I would be the one making the pay stubs from scratch. Did they want me to just go make something up and give it to them? Yes.

Well, okay then….

They asked for it…

I was averaging about $1k per week ($50k/yr). I went home and whipped up something showing that I was making $10,000 per week, and gave them the two months of pay stubs they demanded.

At this point I figured they would throw them back at me and I would just pay cash for the vehicle.

But no… they put the numbers in and I started getting calls from their wealth management division, offering to help manage my money.

I was also offered an interest rate of 2.25% on my used vehicle.

Now, I know, fraud and all that.

But I knew that such a small dollar amount would never lead to a lawsuit, and plus, **** Wells Fargo.”

Let’s take a look at how Reddit users reacted to this story.

This person had a lot to say.