I have a problem with getting my loan for my S2R..

[The Architect]

Another good source to check out:

http://tinyurl.com/9bk6c6

    [moto]

Adam

Having visited that link I'm probably on some IRS watch list now.   

[corey]

pay your taxes. people who dont pay taxes make everyone else's taxes higher.
you will not be able to get a loan without a real paystub and proof of employment, even if you have a cosigner.
you're SOL.

and some more advice... i wouldnt broadcast ANYWHERE, especially the INTERNET, that you are evading taxes.

[Howie]

No lecture on paying taxes from me, but there are negatives associated with working off the books.  You just discovered one.  There are others, such as no workman's comp, disability or unemployment insurance and you may not be able to use the job as work history when looking for employment.

[Drunken Monkey]

Just to reiterate:

Fake pay stub for loan = loan fraud.

Not paying taxes = tax fraud.

Dad paying you off the books = tax fraud

I'd get the potential felonies addressed before I went out and got a loan to by a toy.

[The Plumber]

Get a job...

Oh Jacob.. Thanks for your 2 cents...  I don't know what I would do with out u.. :-) oh I still love u.. LOL

Thanks for you 2 cents everyone...  Nothing wrong with working under the table..

My address is

11712 e â,¬Â£Â¥$@ rd se
Albuquerque Nm 87122

:-p

[MikeZ]

Nothing wrong with working under the table..

Are you kidding me?
We (most of us) bust our asses for a paycheck and Uncle Sam gets his cut which pays for many services YOU regularly use and it's ok that you get to work and not help pay for those services?

[Porsche Monkey]

Oh Jacob.. Thanks for your 2 cents...  I don't know what I would do with out u.. :-) oh I still love u.. LOL

Thanks for you 2 cents everyone...  Nothing wrong with working under the table..

My address is

11712 e â,¬Â£Â¥$@ rd se
Albuquerque Nm 87122

:-p

Uh oh this is gonna get ugly. 

[DarkStaR]

IF pops is paying you, then he knows you're good for the money.

Have pops get the loan, and you pay it.

DONE!

[Porsche Monkey]

[DY]

Are you kidding me?
We (most of us) bust our asses for a paycheck and Uncle Sam gets his cut which pays for many services YOU regularly use and it's ok that you get to work and not help pay for those services?

and without trying to get political, let me add in that our freedom isnt free

[Statler]

Nothing wrong with working under the table..

isn't this whole thread about at least one thing that's wrong with working under the table?

I think a lot of guys here have done some part time work for cash, but it does make for a difficult long-term stable way to live.

People make their own luck.   Faking a paystub to get a bank loan for an unnecessary purchase because you get paid only in cash just has that 'going to come back at some point and bite me on the ass' ring to it for me.

But good luck getting a bike.

[lauramonster]

when lenders ask for paystubs, they mean proof of wages (and the word 'reportable' is implied).  Since the government audits all loans, then it has to jive with their records.  Gov't makes the rules, we only follow them.

don't forget, loans means ALL loans.  College loans, mortgages, credit cards (thought they're much more lenient), car loans, tractor loans, small business loans - dude!!  You're screwed without a work history if you're going to get far in life and have nice playtoys.  

not preaching, just want to to realize what you're giving up.  

right now (legally), it looks like you'll have to save until you can afford the bike.  Reality bites!

[DrDesmo]

I work for my step father as a plumber but work under the table.. The credit union that I go through told me that I need a pay stub showing that I make xxxx amount.. So, my question is what would be the best way to make a pay-stub to show them..

Thanks for you help..


Matt

Matt -

Back to your question, what range is your credit score in?

Adam

[redxblack]

here's another reason to look for the union label when hiring tradesmen.

When you make a major purchase in cash (or large deposits), don't you have to fill out federal paperwork to declare the source of the funds?

[lauramonster]

over 10 Gs in cash. 

he can pay <$10,000 in cash and rest with check and it won't raise a red flag.

Why do you ask?? (speak clearly into this flower arrangement)