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Consumerist

Miss A Payment And Gadget Disables Car [Loans]

Auto loan lenders are using an annoying beeping box to make sure sub-prime borrowers pay on time. Cars are fitted with a device such as the "On Time" gadget. When the monthly payment gets near due, it starts blinking. On the due date, it starts beeping. If the payment isn't made, then the device prevents the car from starting. After the borrower makes a payment, the lender gives them a code that resets the box and stops the blinking and beeping. Lenders love the device and say it's reduced default rates by 30%. Maybe they should invent something like these for houses.

High-tech gear disables car if borrower misses payment [USAToday] (Thanks to Luis!)

read more Cars Loans On Time Readers Mon, 05 May 2008 20:26:43 EDT Ben Popken

Craiglist's for-sale listings hit 15 million ... [Economy]

Craiglist's for-sale listings hit 15 million in March, almost double a year ago, as people sell off stuff in an effort to make ends meet. [ AP ]

read more Craigslist Economy Mon, 05 May 2008 16:24:53 EDT Ben Popken

Just in time for your rebate and stimulus ... [Deals]

Just in time for your rebate and stimulus checks, industry insiders predict price drops of 20-25% on HDTVs in May. [ HD Guru via Gizmodo ]

read more Blogs Deals HDTVs LCDs Plasmas Readers Shopping TVs Mon, 05 May 2008 16:08:39 EDT Ben Popken

Amazon launched a new "BPA-free" baby supply ... [BPA]

Amazon launched a new "BPA-free" baby supply shop (BPA is a chemical found in some plastic bottles that may cause cancer ). The only problem was that not all of the bottles were BPA-free. [ Z Recommends ]

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