Pinoy Money Tips: Learn to Avoid Scam

Almost every year there are scams in the Philippines that is being revealed to the public.Due Diligence is the key to avoid scam. Scammers have so many things to offer so that they can entice you to give or lend your money with them. Most scam offers involve a quick way of getting money, very high interest rates, a promise of cars, house and lot, and other high profile gadgets

Do your company research. 

• How long is the company operating?
• How do they earn profits?
• Do they have products? 
• Do they promise quick return?
• Are they putting you in lots of pressure?
• Are they registered in SEC?
• Do they operate via pyramiding? (some pyramid sheme are scams)

The number one thing that you should always remember is that ..

If it sounds too good to be true, It probably is.  There is no quick way of getting money ( I am not aware of any).  Besides,  there is a very big risk involves on this scheme.