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Doesn't look like this has been posted before.

Link

WillowTree# is a save editor for Borderlands written in C#. It can read, edit, and convert savegame files from PC, PS3, and Xbox 360 versions of the Borderlands game. It has a storage locker that can be used to transfer items between characters.

Now that their anti-cheating code crash the game if you use the trainer, this is best way to cheat in Borderlands.

Another link please? That one is dead

No, it's not. It's a link to the source forge project, it won't die.

Here's a tutorial site to help you understand Willowtree and get the most out of it.
Link