Erin tried to buy her first car when she was young and had no credit history.
“I didn’t have anybody to cosign,” she said.
The interest rate on a car loan for her was going to be astronomical. But a device called Passtime helped her establish credit and buy a car.
Passtime is affixed to a car and prevents it from starting if the owner doesn’t make loan payments on time. It’s targeted toward people with no credit history or poor credit scores. Continue reading “Device Prevents Cars From Starting If Loans Aren’t Paid, Helps Drivers Establish Credit”