Being poor offers some severe disadvantages, particularly in those that are upwardly mobile. Appropriately dealing with money is one of the pitfalls that can place people back below the poverty line. The problem is that most people that have lived life with less learn to effectively deal with money at a very early age. In order for these type of financially savvy people to be besieged by the forces that would hurt them financially, they have to be deceived in some type of financial way that is very sophisticated, but looks legitimate on multiple levels before any deception can be detected.
I was able to avoid the deception that was very evident to me in the sub-prime housing market. I often wondered as I searched for potential homes why the mortgage company offered me sub-prime loans when my credit was very good. This fact alone made me turn down all loans that came my way that were fashioned in this way. I fancied myself financially savvy because I was able to avoid the large payments that people were enduring for hastily built homes in crowded neighborhoods. I actually had the nerve to judge these people. I judged until I ran into the same issue, but in a less severe manner.
I wanted a nice care. I look back on the situation and realize that I did not need the new car, but I simply wanted an outward expression of the achievement I feel that I was gaining in life. This is when I encountered a very savvy salesman that convinced me that I could afford a car that I most certainly could not. Additionally, the credit system that would have normally excluded me had been relaxed. I simply thought that if the system allowed me to buy the car then I could afford it, but this could not be further from the truth.
I was upside down quick and sinking fast. I knew the people in the housing market had it bad because the situation with my car alone was more than I could handle. Fortunately. I had a legitimate way out of my issues. I found a company called Ignition financial online. They refinanced my car loan and basically saved my financial life. It was easy, and I got through most of the process online at http://www.ignitionfinancial.org/auto-loans and that was that for my issues.