Car Starter Interrupter: Privacy Intrusion or Smart Collection Strategy
A customer falls behind on a car payment, you turn on an app on your cell phone, see that the customer is parked at a mall, press a button, and immediately disable the car. Suddenly you get a call from your customer seeking to make a payment. This collection practice in operation now is considered by some to be a smart collection move, by others to be Wall Street's version of Big Brother. [9/26/14]