Subprime Auto Lenders Automatically Disable CarsMark Melin
Subprime auto loans are soaring, growing to their highest levels since 2008, notes a report from The New York Times. But there is a new twist. Subprime auto lenders can now remotely disable the car when borrowers are so much as one day late on their payments. Certain car owners report receiving no warning and having their car’s disabled while they were driving . . .
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