Signs to know that a company is a scam

Do you that, there are less honest people in the world every day that passes by? Do you know that with the advent of technology, it is easier to scam a person now than then?

Scammers are always on the lookout to rip innocent people of their hard earned money, but if you are wise, you can detect them and cut off all contacts with them. Wisdom in this cased has nothing to do with how smart you are, your life experiences or even your age. It is when you know what to look out for, that you can detect a company that is out to scam you.

When it comes to scammers, it is better to be safe than sorry, so when you recognize any of these tell tale signs, do well to cut off all contacts with them.

Here are the tell tale signs to detect a fraudulent company, or a business that is out to scam you;

  1.  Check their address on the web:

Most legitimate companies have websites on the web, even simple solutions like an AfricaLinked page, but this does not mean that any company with a website is legitimate. If the website is looking unprofessional, this is a tell tale sign that it might be a scam. Also, if the website is unsecured, it is another telltale sign that it is fraudulent. A legitimate company would have a secured, encrypted website which is shown by the padlock in front of the web address. If the website is showing red, a broken key, or an open padlock, it is a sure telltale sign of being a scam.


  1.  Call the company:

If a number is listed on their website, call them up and see if they answer the call as their business and if they are professional. If they do not sound professional, then it is a red flag and it is time to take your business elsewhere.


  1.  Physical Address:

A legitimate business must have a physical building in a state, and this means they have to be registered in that state. For them to be registered, the CAC must verify them, whether they are legitimate or not. I have been saved from being scammed by a fraudulent company, because at the last minute, I checked for their physical location. Sometimes, a scammer company might list an address, s the onus is on you to go to the location and check it. Here are things to watch out for when visiting a company’s location;

  • Does the building look corporate? A faded building with no clear inscription of the company’s name is a telltale sign of a scammer company.
  • Do they own the building? While some firms may share office space with other firms, a so called company that is hidden in a shopping mall is probably not one you want to do business or any transactions with.


  1.  Corporate account:

The rigor involved in creating a corporate account makes it difficult for a scammer company to have a corporate account. Therefore, when I am not sure of the legitimacy of a company, I look for the account they use. If they offer a personal account, it is a telltale sign that they are scammers.


After all is said and done, go with your instincts, and remember that, it is better safe than to be sorry.