Miss a car payment and your lender may kill the engine

HERE’S THE INTERESTING PART

The dystopian future is here, and it's repossessing your 2012 Honda Civic. Subprime auto lenders frequently mandate GPS trackers and remote starter-interrupt devices, allowing them to literally disable your vehicle's engine from a laptop if your payment is even a few days past due.

From the Stacky collection1 min read

Miss a car payment and your lender may kill the engine — STACKY / Economy

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Economy

Japan possesses the highest national public debt in the developed world, routinely hovering around two hundred and sixty percent of their entire gross domestic product.

Japan possesses the highest national public debt in the developed world, routinely hovering around two hundred and sixty percent of their entire gross…

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The Sumerians invented compound interest before the wheel

Humanity's priorities have always been tragically corporate. Long before anyone figured out how to easily roll a cart from point A to point B, the Sumerians…

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Global debt has ballooned to over 300 trillion dollars, a figure that massively outweighs the total amount of actual, physical money and easily accessible liquid assets that currently exist on planet Earth.

Global debt has ballooned to over 300 trillion dollars, a figure that massively outweighs the total amount of actual, physical money and easily accessible…

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Julius Caesar introduced a massive debt restructuring program that effectively banned creditors from charging exorbitant interest rates and stabilized the failing Roman economy in 49 BC.

Julius Caesar introduced a massive debt restructuring program that effectively banned creditors from charging exorbitant interest rates and stabilized the…

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North Korea literally ordered one thousand luxury Volvo sedans from Sweden in the 1970s and then just completely ghosted them on the invoice after the cars were successfully delivered.

North Korea literally ordered one thousand luxury Volvo sedans from Sweden in the 1970s and then just completely ghosted them on the invoice after the cars…

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Credit card companies actively refer to customers who pay off their balances in full every month as 'deadbeats' because they don't generate any revenue from exorbitant interest rates.

Credit card companies actively refer to customers who pay off their balances in full every month as 'deadbeats' because they don't generate any revenue from…

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Miss a car payment and your lender may kill the engine

A bigger world.One discoveryat a time.

Keep exploring

Japan possesses the highest national public debt in the developed world, routinely hovering around two hundred and sixty percent of their entire gross domestic product.

The Sumerians invented compound interest before the wheel

Global debt has ballooned to over 300 trillion dollars, a figure that massively outweighs the total amount of actual, physical money and easily accessible liquid assets that currently exist on planet Earth.

Julius Caesar introduced a massive debt restructuring program that effectively banned creditors from charging exorbitant interest rates and stabilized the failing Roman economy in 49 BC.

North Korea literally ordered one thousand luxury Volvo sedans from Sweden in the 1970s and then just completely ghosted them on the invoice after the cars were successfully delivered.

Credit card companies actively refer to customers who pay off their balances in full every month as 'deadbeats' because they don't generate any revenue from exorbitant interest rates.

A bigger world.
One discovery
at a time.