Hello, I am sorry to hear about your situation.
I can represent to you that if you have provided false information to the lending company, and they are relying upon that information to finance a car in your name, you definitely need to provide the information to them that the information is not correct. You can do so without "confessing", and simply state to them that the information is not accurate, and that you wish to clear up the mistake. Once you obtain a loan based on that information the fraud has been completed, meaning you have gotten a monetary gain through your misrepresentation. Therefore, if you do not wish to acquire the car, or simply would like to cancel the deal, I would do that immediately upon your first opportunity as you could be charged criminally and/or sued civilly for the misrepresentation. I certainly understand your motivation to misrepresent your income, as it truly not a misrepresentation just a combination of your incomes that you do acquire, however, the fact that the documents were altered, and a financial institution may issue funds to finance a car based on that alteration may subject you to what I just mentinoed.
If it all possible, I would inform the lending company without confessing to the alteration, and simply try to acquire your funding by providing one income, as long as it is accurate. I understand you may not qualify, but your lending officer should work with you in that instance without causing you to have to misrepresent your income.
So, should i inform the dealership since I believe it's indirect lending or should i call the actual lender, which is a credit union?
I would inform the dealership as you do not want to obtain the funds and later have the loan canceled due to the misrepresentation. I would speak to the employee at the dealership and inform him/her of the situation regarding the misstatement on the stub, and just state you will get an accurate one with which to present the credit union for a determination on your application.
Does that answer your questions?
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yes. thank you very much!
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