Things You'll Need:
- Telephones
- Newspaper
- Newspaper
- Internet Access
- Library Cards
- Computers
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Step 1
Call the Better Business Bureau to find out if any complaints have been lodged against the company.
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Step 2
Check documents on file with the Securities and Exchange Commission - if the company is publicly held - and read the "legal proceedings" sections. Determine whether the company is embroiled in lawsuits involving alleged fraud or other questionable practices.
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Step 3
Check the SEC documents to learn about the backgrounds of the company's officers and directors.
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Step 4
Check with the secretary of state's office in your state (if the company isn't publicly traded) to review incorporation documents. These indicate who is behind the company.
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Step 5
Search newspaper and magazine archives to see if the company and/or its officers and directors have ever gotten unfavorable press.
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Step 6
Drive to the company's operations center to make sure it isn't a facade or a mere mail drop.
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Step 7
Call the U.S. Bankruptcy Court for the district in which the company is based to find out if the company has filed for bankruptcy protection from creditors.
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Step 8
Check with area courts to determine if liens have been filed against company property.
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Step 9
Ask the attorney general's office in your state if complaints about the company have been filed. The office probably will have a consumer-protection division or fraud division that might answer questions.
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Step 10
Note how much stock the company's insiders hold. If the company is publicly held, and the officers and directors own little of the company's stock, don't invest.
Comments
shadowcutter said
on 3/2/2009 look them up on www.complaintsboard.com. I found this site when I searched for info on the return policy of gonnaluvit.com because I haven't received the ring I ordered from them and couldn't find the r.p. on their site.
angeleyezzz827 said
on 1/10/2009 Great post
hemtem said
on 11/23/2007 sell Electronic , Jewelry , Shoes , Jersey . all at 30$
www.hemtem.com email:hemtem.com
Sabrinarose said
on 12/30/2006 Thanks Bert good to know, what o I look under once I reach these sites? BAD COMPANIES? or FRAUD COMPANIES?
Sabrinarose said
on 12/30/2006 I believe that a company by the name of North Alliance Lending Services is a SCAM, and I believe I have just been a victuim of FRAUD. I went on line a filled out a online application looking for a lender to loan 15,000 so I could close on my home, I got a call from a guy from this company and said he had a lender but I needed to pay for a insurance policy for collateral for the loan and it would cost 1440.00 wich is equal to 5 monthly payments, We agreed and the dighned the promissory not and the loan agreement, which clearly statesa all the conditions, #0 minutes after I sired the money thru moneygram I got another call from another guy saying he was with customer service and the insurance company said that 1440.00 wasn't enough to secure 15,000, and that I would need to send a additiona 1440. or get my first funds refunded but not until Jan 18,2007. I was so upset and told him that occording to this sighned contracts that I have they can"t. He said yes we can look at item 1.6 and I told him item 1.6 reads that at anytime the borrower defaults on the loan that the lender had the right to ask for additional funds, no matter how many times the borrower defaulted by not paying according to the agreement. He said no, I said yes it does and I know that your not a true lending company by the way your talking and any company is going to have a the conditions on the table prior to signing, and if something happens after signing that u need additional funds then that is on the company, not the borrower, now that the contract is signed. I called a lawyer friend just to be sure and he read the doc and said yes your right that is how this is reading, but I don't think this is really a lending company, he said he REally thought it was a SCAM and that I needed to report it,he said he will repersent me if in fact this is a real company and we need to move forward with a suit, Has anyone out there ever heard of this company? They are located in Manchester New Hampshire.