loan,banking and credit
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Follow up question to does the bank know where u work and how much money u make when u apply for a loan?



im not trying to take out a huge loan,only for like 5000 to tide me over,they said they colud fax my employer for proof of employment,meaning filling out how long i worked there,how much i make and how long i will be at that job{i think thats what they do},theres is no way i can default on that small of loan,but my main question is do the banks know i dont work there,and when they said fax my employer what will he fill out for proof of employment.

Among other things your credit report will contain employment information. Banks might also ask to see tax returns or W-2 forms.

Banks don't like to be lied to and if you do so and they find out, you will immediately be in default and owe the full amount of the loan at once.

Your employer has no reason not to fill out the form if you work there. If necessary you can request that he does so. Most larger employers are used to receiving and answering these requests.
http://www.credit-yourself.com
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One of the things banks want to know is where you will be getting the money to repay the loan.

IF YOU GIVE THEM FALSE INFORMATION & THEY FIND OUT THEY WILL NOT GIVE YOU THE LOAN OR CALL IT IN WHEN THEY FIND OUT.

WHAT YOU WOULD BE A PARTY TO IS FRAUD & THAT IS CRIMINAL. DOES JAIL TIME RING A BELL.
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Trust me, if you gave ME your full name and Social Security number, it would not be hard for me to find out exactly what you earn, how long you've had your current job, how well you are doing there, etc., etc.... The idea that you have any private information is an illusion.

The bank will suss out everything they can about you, they want to make money, not take risk. But the good news is that they do that with EVERYBODY, so as long as you aren't Jack the Ripper or Ronnie Biggs, you'll be fine!

Good luck.
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