₦airaland Forum

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

You can over indebt yourself by doing so.

Obrigardo:
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

I don't think it is possible...They would run a check on your financial strength before giving you any loan.

onyanza:
You can over indebt yourself by doing so.

So it's wrong right?

espn:
I don't think it is possible...They would run a check on your financial strength before giving you any loan.

The guy who said it's ok, mentioned that Jeff bezos does it and I can go ahead..

Obrigardo:
The guy who said it's ok, mentioned that Jeff bezos does it and I can go ahead..

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.

Obrigardo:
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

Ignore the idiot.

Providing false information in order to access a loan is considered fraud in case you don't know!

Obrigardo:
So it's wrong right?

It is wrong.