Making money from the Bottom of the Pyramid!

  The story you hear of these days are from corporations or some type of company is all about making that bottom dollar count! How do they make it happen and where is it being generated from? Find out one way you can prevent yourself and others from being taken advantage of!
  Do you know that many are making money from the bottom of the pyramid?, "Internet  (http://opinionator.blogs.nytimes.com/2013/09/17/making-money-off-the-poor/?_r=0)" Bottom of the pyramid doesn't just mean that you are poor. You could be weather with bad credit. You could be a college student looking to buy a car but you have student loans.
  If there is one thing that every adult in his or her lifetime will eventually go through is finding a home whether to rent or to own. Either case, one may have to apply for credit, "Internet (http://www.dailyfinance.com/2013/11/04/things-to-do-before-applying-mortgage/)" in order to find out if they can even afford it and how much will it cost them monthly. Before I continue, another way to get housing is to have someone else already in the position which is also known as the primary or the co-borrower to allow you access. There are several ways that credit affects you in your daily living and Forbes does note 10 ways bad credit can hurt you, "Internet (http://www.forbes.com/pictures/eegk45gidm/renting/)" but I will only speak of a couple. Have you ever found yourself waiting for your credit to be checked by a landlord, then you get the call but only to find out that they have found someone else to rent the property? If your credit was bad then it might have been the reason to why they decided against you. I get it, it is not fair but would you rent or give a mortgage to you?
 If a mortgage application has been accepted, congratulations, the wait is almost over! The paperwork comes back and the lender says that because of your credit score, you must pay points towards your closing and that your interest rate is higher than what others with better scores are paying. A personal story behind this is about myself buying a house at 21 years of age (Circa 2003)  in the Portland area. The lender came back after about a week of looking at it. They told me that my credit score was okay (~700) but I did not have enough income ($41K/year). The news was good but also meant that I had to have my dad co-borrower and because of this, I had to have a higher interest rate, placing me at a disadvantage. I later went on to purchasing my condo in Old Orchard Beach in 2005, except this time, with an uphill battle to even get the mortgage. I had a couple of late payments while deployed to Iraq but that was enough to have the lender require me to pay more in interest and have a different type of loan at the time. The point of my personal experience is that, even if you make a decent income a year, a bad credit report will have you paying more. This brings me to the title and the reason for this blog: preventing yourself and others from being taken advantage of!
  From corporations to employees to the mortgage industry, if you are poor or have bad credit, you are at the bottom of the pyramid! Payments will be higher due to higher interest rates and there is nothing you can do about it at the time of application besides walking away. Sure, there are several ways to help prevent you or others from those loan sharks. The one main way you can prevent such horrid ordeals is to never settle for the first offer on the table. These offers are merely a term for negotiations. The company making the offer needs you and the monetary funds that comes attached with you. They need every bit of the deal to go through, otherwise it would be a loss to their income and no one wants that! Be in control of the terms, have a question, ask. Understand that at the end of the day, you also need your needs to be met and making it in your terms would suffice such need!