An acquaintance of mine told me about a week ago that he was behind on his monthly car payments and that the lender was threatening to repossess it. He said he was not overly concerned because it is registered at his previous address, about a thousand miles away, and that he hasn't updated his driver's license, which was also issued there.
I haven't seen his car parked in his driveway for three days now, and when I drove out early this afternoon, I saw him walking in the direction of his residence, which was about a mile or more away, with no more convenient public transportation drop off point. Guess what I just figured out?
His car is a late model Ford 500, maybe two or three years old, at the most. Might that model car have GPS or Lojack as standard equipment? One other way that a repo man might have a line on where he lives is that his car was involved in a collision (not his fault) that took a few return trips to the body shop (front end damage: always a potential challenge to restore to like-new precision) and since car lenders mandate collision insurance over the life of the loan, it could be that the insurance claim details, including his local address, were forwarded to the lender. The insurance company also paid for his replacement car rentals, so Enterprise might even have entered his local address in their invoice.
Edited by AntAltMike, 31 May 2013 - 03:22 PM.