New to the toolkit - a dedicated teaching research methods section focused on providing lecturer support resources. The resources within this site have been compiled in line with our HEA funded research with college staff and students into research methods teaching. HEA scholarly activity resources.
For most people, repossession can be a devastating experience and, unfortunately, has a long-lasting impact on your credit score. A car or home repossession typically stays on your credit record for up to seven years and will lower your chances of obtaining attractive interest rates for a loan in the future.
Given the euphemistic name of payment assurance devices, the technology allows the repo man to shut down a car if a subprime borrower is even one day late in making a payment. Many starter interrupt devices require a borrower to enter a code provided by the dealer each month, after they've made an on-time payment. If the payments are missed, the lender can remotely shut off the car's starter, and then use the device's GPS to track down the vehicle and repossess.