USA. (SANEPR.com) August 8, 2007 -- The American dream became a global Dream

Sekurus International™ L.L.C is an international company focused on asset management, protection and tracking and their needed support systems and solutions. A child of its award winning holding company and its strategic alliances bring a fusion of technologies and years of development. Resulting in its proprietary systems and solutions that are focused on securing mobile assets and managing the auto loan portfolios of both auto dealerships and financial institutions.

The mortgage industry has been embroiled in scandal ever since the foreclosure rate for sub-prime lenders began to reach historic levels earlier this year. Financially vulnerable consumers, who were told just a few years earlier that they could afford a home in the form of "special" financing, were promised a piece of the American dream Or should we say the new world order as the American dream became a global Dream. That dream soon proved to be a nightmare as poor home owners could not keep up with rising interest rates and the resultant higher monthly mortgage payments.

Soon, thousands of homeowners found themselves forced to relinquish their properties as the companies holding these mortgages reflexively laid off personnel and wrote off their losses. Not to be left out, the automotive financing industry -- conspicuously ignoring the mistakes of their mortgage lending peers -- is targeting sub-prime borrowers as never before.

However, these lenders now have a handy tool in their arsenal to force borrowers to pay: many vehicles are equipped with an under-the-dashboard unit designed to disable the car if a loan payment is past due. Thanks to a [3] an international asset protection company, motorists are being forced to pay up or risk being stranded [2].

Pay, Or Else
With three days left before a payment is due, a warning is send to the consumer. Each day closer to the payment due date another warning is send. This final warning, one of three sent, signals to the motorist that they have less than 24 hours to make their payment before their car is disabled.
Today, Sekurus has completed the installation in over 1,250,000 vehicles. Sekurus reports that its device [1] has been credited with lowering delinquency rates from 27% to 3%, making the unit very attractive to automotive lenders and fleet operators[2]

Lending To The Poor
Internationally used car dealers have always marketed their vehicles to the poor as these types of dealers have often been the only ones willing to strike a deal. Of course, low creditworthy consumers would pay exorbitant interest for the privilege of purchasing a used car, at rates as high as 25%.Today, some new car dealers are also finding low income buyers to be a potential market. In the past, most lenders would have stayed away from the $75 billion sub-prime market, but with the Sekurpay device available, a whole new consumer market has opened up.
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Notes:
[1] How Sekurpay Works,
http://www.sekurusinternational.com/HowONTIMEWorks/tabid/76/Default.aspx
[2] How Sekurpay GPS Works,,
http://www.sekurusinternational.com/HowSekurpayGPSworks/tabid/120/Default.aspx
[3] About Sekurus International L.L.C
http://www.sekurusinternational.com/ABOUTUS/tabid/53/Default.aspx