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Nairaland Forum / Nairaland / General / Business / Giving A False Networth To Take A Loan. Is It Right? (347 Views)
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Giving A False Networth To Take A Loan. Is It Right? by Obrigardo: 3:07pm On Jun 06, 2021 |
Someone said it's perfectly ok to deflate or inflate my assets and to lie about my finances so I can get a bank loan. He says everyone does it. Is it a right thing to do? Should I go ahead? Please I need your help |
Re: Giving A False Networth To Take A Loan. Is It Right? by onyanza: 3:49pm On Jun 06, 2021 |
You can over indebt yourself by doing so. |
Re: Giving A False Networth To Take A Loan. Is It Right? by espn(m): 4:04pm On Jun 06, 2021 |
Obrigardo:I don't think it is possible...They would run a check on your financial strength before giving you any loan. |
Re: Giving A False Networth To Take A Loan. Is It Right? by Obrigardo: 7:15pm On Jun 06, 2021 |
onyanza: So it's wrong right? |
Re: Giving A False Networth To Take A Loan. Is It Right? by Obrigardo: 7:16pm On Jun 06, 2021 |
espn:The guy who said it's ok, mentioned that Jeff bezos does it and I can go ahead.. ![]() |
Re: Giving A False Networth To Take A Loan. Is It Right? by samsard(m): 9:53am On Jun 07, 2021 |
Obrigardo:That's a ridiculous lie. Jeff Bezos owns publicly traded shares, which means that you can estimate his net worth by the value of units of shares he owns. E.g If Bezos owns 1 billion shares at $200 each, we know he's worth $200 billion. If the price drops by 10%, we know Bezos is worth $180 billion etc. |
Re: Giving A False Networth To Take A Loan. Is It Right? by SavageResponse(m): 10:25am On Jun 07, 2021 |
Obrigardo: Ignore the idiot. Providing false information in order to access a loan is considered fraud in case you don't know! |
Re: Giving A False Networth To Take A Loan. Is It Right? by onyanza: 11:59pm On Jun 07, 2021 |
Obrigardo: It is wrong. |
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