In many places across this great gas-guzzling nation of ours, public transit just isn't an option — and if you're one of the growing numbers of folks with high debt — most lenders won't even give you the time of day, much less cash to pay for a ride. And with no ride, you've got no job — and with no job, you've got no family — and with no family, you'll end up in a no-wheeled van...down...by...the...river. And nobody wants that. Well now hope comes in three...
...as in three companies offering remote kill-switches for car buyers. We've talked about Payment Protection Systems down in Florida before, but now there's also PassTime and Pay Technologies — all of whom claim to be the leader in the field — with devices to allow even people with single-digit credit ratings the opportunity to get a car. The units all do pretty much the same thing — connect to the starter and require input of a code to operate the car. If the driver misses a payment, they don't get a code or the car won't be allowed to start. Draconian though it may seem — it sure as hell beats walking!
Device puts brakes on defaulters [MSNBC]
E-Repo Men: Cars on Lien Get Engine Kill Device [internal]