| You were finally out of college, and you got your first | | | | longer buy food to eat, since all your money went to |
| a great paying job. Now you could buy all the things | | | | buy gas and to pay the car payment. |
| that you couldn't afford while you were in college. | | | | Since you were so broke now, the bank came to |
| You walked into a Hummer dealership and bought | | | | rescue you by sending a credit card application. So |
| yourself an H2 Hummer. You didn't have the money to | | | | you were now qualified to have a credit line of $8000. |
| buy the car cash, but since you now have a steady | | | | You said "Wow, now I can buy food by using my |
| income from your paycheck, you are now qualified for | | | | credit card!" You went out there and bought all the |
| the low down monthly payment loan. You decided to | | | | food you need and went partying again by using your |
| buy the Hummer with $1000 down payment and | | | | credit card. You also bought a lot of nice clothes, |
| agreed to pay $400/month for the $40,000 loan for | | | | shoes and toys. |
| your new H2 Hummer. | | | | The only thing that you forgot was you didn't have |
| You drove home proudly and showed all your best | | | | enough money to pay the credit card company back, |
| friends and even your enemies that you now have an | | | | since most of your money had been used to pay for |
| H2 Hummer. Your friends applauded you, they | | | | the Hummer, the gas, and rent. |
| surrounded your car with awe, they loved you, they | | | | Within 8 months, you were stuck with $8000 debt and |
| said good things about the car, and you felt so good to | | | | you made a lot of late payment that increase the |
| the bones. You drove with your friends around the | | | | interest rate of your credit card. Every month as you |
| town every night and went to every party they had in | | | | saw your credit card statement, the bank charged you |
| town the first month you owned the H2 Hummer. It felt | | | | $500 every month from the interest rate. Your debt |
| so good to have everybody looking at your new | | | | rose every month from $8,000 to $8,500, from $8500 |
| Hummer. | | | | to $10,000 and so on. |
| The second month of owning your new Hummer the | | | | You were now in a big trouble, while you are still driving |
| first bill finally arrived from the bank where you got the | | | | around in your nice H2 Hummer! |
| loan from. You now had to pay the $400 month you | | | | One day the bank where you got the auto loan from |
| promised to pay the bank to finish your $40,000 auto | | | | to buy the Hummer called you because you could not |
| loan for the Hummer. You found out later than your | | | | keep up with the car payment. So they took your |
| gas bill for your Hummer was $500 the first month of | | | | Hummer away since you could no longer pay them |
| driving it. Now you had to come up with $900/month | | | | the monthly payment. |
| just to pay the loan and the gas! | | | | Today you no longer have your Hummer and also you |
| You only had one job that pays $2000/month, and | | | | are stuck with $10,000 plus debt from your credit card. |
| your rent is $900. $1800 of your money went to rent | | | | Your friends decided not to hang out with you |
| and your beloved Hummer. You looked good, but no | | | | anymore, because now you are so broke! |
| body knew that you were on an instant ramen noodle | | | | Do you still want to own the Hummer H2? |
| diet and you can only drink water, since you could no | | | | |