Some scammers translate their scams from their own language into English for example to get their message to more people and you can usually tell, because the grammar is odd. Other scammers deliberately make mistakes with spelling and grammar so that anyone with more than two brain cells will realise this is fake and not respond – leaving just the dumbest to respond.

This latest scam email is an odd one – is the scammer bad at translation or deliberately doing this?

“Hello Mr (Mrs) Sharon, I’m a student and honored to be selling t-shirts for you”.

“I have all size – color – gender. I know you love your family and want have t-shirt for family.”

“Help me have many orders”.

Then there are pictures of strange black t-shirts all with the name Sharon prominent.

To make it more obviously a scam – the sender’s name is supposedly James C. Nyman but the email is from nguythenyudung1305 @gmail.com. OOPS that doesn’t match.

No-one in their right mind should consider buying from someone like this, even if they do have any actual t-shirts to sell.

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Scammers know that many small businesses are struggling to survive and need cheap loans. Often, such companies don’t trust banks or would be forced to put up assets to secure loans whereas scammers don’t demand such protection because they don’t intend to give out any money.

If a loan or service sounds too good to be true, it’s probably a scam.

If possible, have a trusted 3^rd party finance expert who can advise you on business loans.

Watch out for these danger signs on any proposed business loan: –

1. Money Up Front

Reputable lenders and brokers should never ask you for money up front – no registration fee or credit check fee or anything similar. An upfront costs means it’s probably a scam.

2. Lack of a Physical Address

You should always check whether a business has premises – if not then be suspicious. A P.O. box number does not count as a physical address.

3. “Guaranteed” Loans

Only scammers can offer loans where you are guaranteed to be accepted before you have given them any information on your financial circumstances. Offers of loans even for people with no credit history are bound to be fake.

3. Cash Advance Lending

These are the lenders of last resort and charge exceptionally high interest levels – usually more than 100% APR and can be more then 1000% APR. To be avoided at all costs.

If you have any experiences with loan scams do let me know, by email.