Sep 252014

Sub-prime borrowers who have car loans increasingly face hi-tech consequences if they are late on a payment. Like, the lender clicking on the ‘disable’ feature of devices installed on those cars – a way to “get their attention”, says one of the companies which monitors their customers this way.

As made clear in the linked article, these technologies are used for so much more than just a lock out though – the GPS capability in particular lets the company monitor behavior in real time.

 Posted by at 8:28 am on September 25, 2014