Are you concerned about avoiding a repossession due to lack of work or reduced income because of the COVID-19 pandemic? Consumer Law Group Managing Attorney Dan Blinn offers advice on dealing with auto lenders in this new video.
The subprime auto loan market is surging, and electronic repossessions are also on the rise. An article in the New York Times states that electronic disabling devices have been installed in two million vehicles. Lenders can activate these devices remotely, and they will disable the vehicle so that it will not start. Once disabled, the car is stuck.