Can yoiu truly spot a Scam? Test yourself.

I would've thought that a) involves the use of the small business reduction. Other than the fact it's a simple form to fill in maybe the standard reduction is in the region of £300? Then they'd meet their guarantee but you'd be left in the same net position as before...
 
Maybe I am reading a) wrong but there seems to some ambiguity as whether it is the reduction that is per annum or the £300 fee is.
 
the odds are no one would get scammed by them anyway sounds to complicated or not explained enough only an idiot would give them money
 
For a) I was thinking maybe the money back guarantee would be after 56 days or something. So the company keep your £300 for a few weeks, say we can't reduce your rates and give you your £300 back 2 months later. Lets say that they keep it for three months and get enough victims they're keeping sizeable amounts of cash they can use to gamble on the stock market, spot betting, ponzi schemes etc - if they win in accordance with their business plan then all is good, if they lose they go into bankruptcy and you don't get your money back.

I doubt in reality anyone could do this on a big enough scale to make it worthwhile though.

Edit: Maybe the scam is just simpler than that. Take loads of people's £300. Dodgy company owner pays himself all the money as salary/director's fee etc. Then when it comes to paying up they go bankrupt and people don't get their £300 back.
 
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For a) If they save you GBP 301, then they take 300 of that (as their fee) and your net saving is GBP1.

The text is ambiguous as whether it is a one off fee or a recurring one. So not sure about whether that is the scam..
 
should really be suspended for making people wait 1 whole day on the interweb...

....can't hang onto internet any longer fingers slipping.... losing grip....

:p
 
(b) isn't really even a scam, very underhanded sure but not a scam. Technically they are providing the service they offer at the agreed price. It's just relying on you not to realise what exactly it is they are doing.
 
VFM Addict said:
Re, Example B, scorza has hit the nail on the head. The scam is the use of the word, "eligible". Folks think it means, "will be granted", which of course it does not.
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How is that a scam? Eligible clearly != granted. Seems like a perfectly valid business to me just very bad value.
 
There are no extra charges so any reduction above the £300 saving is yours to keep.
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I don't like how that is worded! Does it suggest that the first £300 saving goes to the 'Rates reduction company' and anything after that goes to the business owner? Also rates are set every ~5 years so they might be able to claim for ~£1500 from the business owner over 5 years.
 
VFM Addict said:
I'll post the answers about how they work tomorrow evening (Wed 10 Nov). .
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Lies..

The scam is to make people figure out something which is impossible (A) under conditions of the OP (as there are many different options which are all valid). And making people figure out something impossible (B) when it is not a scam, therefore you cannot explain how the scam works. Exception for (B) that you believe the definition of a scam is using implied suggesstion, when the implied is discredited by the wording, and thus tricking people who do not pay attention. But i believe that isnt a valid exception.

:cool:
 
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Is this thread actually the real scam, and we've all just fallen for it by waiting for 'answers'?
 
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