The Role of Tracking Devices in Vehicle Repossession Coordinating the repossession of vehicles is a complicated process that tracking devices can help simplify. Repossession Agents often use License Plate Recognition (LPR) technology to determine when a vehicle is ready for repossession.tracking devices (ad) This technology gives agents the ability to read license plates in real time which can tell them where vehicles are located. Yet if an immediate tow is not available, agents “may place” GPS units on the vehicle. This allows continuous tracking up to the point where your car can be found.
The Way License Plate Recognition Works
LPR systems are sophisticated cameras with software that allows thousands of license plates to be scanned in short order. These databases not only detect the vehicle, but they are also necessarily cross-referenced with lists of outstanding loans or debts. This multi-layered strategy reduces the chances of repossession where it is not warranted, while also improving process optimization14.
The Process of GPS Tracking
If a car is tagged or on the knocker, but just can’t be lifted at that moment repossession agents will stick GPS trackers to keep an eye as best they can. In this way agents are able to monitor the location of the vehicle non-stop and be alerted when conditions allow them to pounce. The use of GPS technology is not only easy and fast, but it can also be more reliable in terms to locating vehicles compared with the need for continuous physical surveillance24.
Legal and Ethical Issues
Repossession agents can track down and take vehicles legally, but there are rules that prevent these parties from sharing details about borrowers. Agents must work in (and limit actions that are harassment or invasion of privacy) within local public spaces. The balance between the integration of such technology (ie LPR, GPS) and questions around what is “ethical” can have serious impacts on business practices that may or may not be governed by law like FDCPA 46.
In conclusion, the most significant change in how repo men performed their work came with tracking devices — more than other types of technology, LPR and GPS turned repossessors into device-dependent workers. These technologies have improved the repossession procedure by making it easier and legally standard to find vehicles.
