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durablend

(9,272 posts)

14. They already do have a store credit card

Reply to onethatcares (Reply #10)

Sun Sep 26, 2021, 09:34 AM

Sep 2021

Guess this is for those that don't qualify for *that*

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Walmart does away with layaway; new program will charge customers interest [View all] left-of-center2012 Sep 2021 OP

I'm just here to watch the predicatable scolding of Walmart customers Orrex Sep 2021 #1

Definitely not from me Rorey Sep 2021 #5

You have my full sympathy Orrex Sep 2021 #92

Thank you. That was a long time ago. Rorey Sep 2021 #99

I didn't realize lay away was still a thing jimfields33 Sep 2021 #6

I didn't either. I remember my mom using it Luciferous Sep 2021 #41

It was a thing until it wasn't. Then it came back in limited form after 2008. Politicub Sep 2021 #70

thanks for an eye on the ground picture -(nt)- stopdiggin Sep 2021 #87

Same here. I thought it had gone away by the 1980s. PoindexterOglethorpe Sep 2021 #71

Yeah everyone here loves corporate behemoths like WalMart BannonsLiver Sep 2021 #79

anybody wanna take bets on the 'average' interest rate stopdiggin Sep 2021 #85

I used to work at Wal-mart wellst0nev0ter Sep 2021 #106

Back in the day Rorey Sep 2021 #2

Yup, exactly. Any time a company (seemingly always starting with an "A" like Allegiance, Asurion, hlthe2b Sep 2021 #8

DIdn't they make noises about... 2naSalit Sep 2021 #3

Still are. fescuerescue Sep 2021 #117

Thanks... 2naSalit Sep 2021 #119

I don't see anything wrong with this. NurseJackie Sep 2021 #4

I usually agree with you, NurseJackie Rorey Sep 2021 #7

So retailers should be REQUIRED to provide FREE layaway services? NurseJackie Sep 2021 #18

No, they shouldn't be required to provide it Rorey Sep 2021 #25

what part of not being able to afford the interest don't you understand? bigtree Sep 2021 #27

Lulz. Oh, please... this isn't about me. NurseJackie Sep 2021 #34

yeah, poor people are hilarious bigtree Sep 2021 #43

Nobody said that. NurseJackie Sep 2021 #46

Layaway was free...this purchase will carry interest from the day of purchase and my daughter's Demsrule86 Sep 2021 #62

The interest will vary AND it will be calculated-in up-front from the beginning. NurseJackie Sep 2021 #67

Nope...30% is what this group charges. Demsrule86 Sep 2021 #95

My information is different than yours. NurseJackie Sep 2021 #98

As I get older, along with all the stuff you can do online, I find it helps me shop better. CTyankee Sep 2021 #9

I can shop better these days because I'm no longer poor Rorey Sep 2021 #17

I recognize it and I try to help. I know how privileged I am now. I know I inherited wealth, I CTyankee Sep 2021 #28

I was trying to explain to my boss how expensive it is to be poor. Arkansas Granny Sep 2021 #37

It's crazy, really Rorey Sep 2021 #40

U.S. automobile culture sucks. hunter Sep 2021 #113

As an ADDITIONAL option, no. But the interest/service charges in lieu of free layaway will crush hlthe2b Sep 2021 #13

Excellent points NT Rorey Sep 2021 #19

Again... I'm no fan of Walmart, but I think it's unreasonable for anyone to suggest that retailers... NurseJackie Sep 2021 #23

And again, I'm not suggesting you are. But, walmart has done very little except to create monopoly hlthe2b Sep 2021 #32

Of course it is. NurseJackie Sep 2021 #45

They ARE being penalized by taking away any no-interest option while leaving them NO retail hlthe2b Sep 2021 #47

I'm not "defending Walmart". I'm saying that I don't have a problem with it... NurseJackie Sep 2021 #52

Walmart isn't a monopoly. It's not even #1 in retail fescuerescue Sep 2021 #118

IT IS a physical store monopoly for rural areas across the country. Where have YOU been? hlthe2b Sep 2021 #121

Monopoly has a specific meaning fescuerescue Sep 2021 #122

You could not be more wrong: "Walmart's Monopolization of Local Grocery Markets" hlthe2b Sep 2021 #123

I hadn't noticed. I go to Food Lion which is just down the street from Walmart fescuerescue Sep 2021 #124

RURAL areas. What part of that is not clear? This is not all about your OWN personal experience hlthe2b Sep 2021 #125

I live in a rural area fescuerescue Sep 2021 #126

It is about the legal definition of monopoly which is why antitrust investigations/suits hlthe2b Sep 2021 #127

There is such a chasm of difference between 1980 AT&T and 2021 Walmart fescuerescue Sep 2021 #128

What's wrong with it is it will make the holidays even more difficult for the poorest among us. kickitup Sep 2021 #15

It's obvious that Walmart is getting out of the "layaway business"... NurseJackie Sep 2021 #21

And I am pointing out to you the implications of their decision. kickitup Sep 2021 #24

Okay. But they're doing nothing wrong or illegal or immoral... NurseJackie Sep 2021 #29

It's wonderful that you don't have a problem with it. kickitup Sep 2021 #33

Right back-atcha! NurseJackie Sep 2021 #36

Personally, I think it is immoral. And I will shop less at Walmart because of it. Demsrule86 Sep 2021 #63

I don't shop at Walmart at all. I hate their stores and their crappy merchandise. NurseJackie Sep 2021 #68

Our Walmart has local fruit...the best peaches I have tasted in years...but to tell people this Demsrule86 Sep 2021 #89

Immoral? jimfields33 Sep 2021 #81

They have a store card. And the company they chose for this exciting opportunity charges Demsrule86 Sep 2021 #88

At 30% interest you might as well just put it on a regular credit card. Lancero Sep 2021 #100

Yes, they get to take it home today Rorey Sep 2021 #31

No, they're not "covering up" anything. They're discontinuing one thing... NurseJackie Sep 2021 #38

Ok. This is going too far. Rorey Sep 2021 #42

I asked a question and gave you an opportunity to clarify. NurseJackie Sep 2021 #48

It's as if the real NurseJackie has been taken over by an alien NT Rorey Sep 2021 #49

It is always a better idea to attack an argument...not a person. Nurse Jackie does not deserve such Demsrule86 Sep 2021 #64

Those of us who have had our words creatively misinterpreted didn't deserve that either. Rorey Sep 2021 #65

she dealt with your words...you attacked her personally...that is a different thing. Demsrule86 Sep 2021 #96

I've taken note that I'm not the only one Rorey Sep 2021 #50

I'm not being hostile toward anyone. I haven't insulted anyone. NurseJackie Sep 2021 #55

I do not agree with you on this one...the 'replacement' is not a replacement. It is financing and Demsrule86 Sep 2021 #61

Okay, if we want to split hairs on word definitions... it's not a 100% or 1-to-1 exact "replacement" NurseJackie Sep 2021 #73

It is helping people add debt for something that was free...they paid of what they set aside for Demsrule86 Sep 2021 #93

Walmart got out of the layaway business for years and no one noticed. Politicub Sep 2021 #72

Yep.. funny you should mention that. I *just now* posted a link and excerpt... NurseJackie Sep 2021 #75

Just A Thought ProfessorGAC Sep 2021 #108

I know about affirm...my college age daughter got involved...high interest rates...paid it off Demsrule86 Sep 2021 #60

+1 leftstreet Sep 2021 #69

It's unclear if Walmart is getting the interest. NurseJackie Sep 2021 #80

They are not doing it for free...I am sure there is a very good benefit for them. Demsrule86 Sep 2021 #91

That's because that's called "customer credit" wellst0nev0ter Sep 2021 #107

Are you arguing that Walmart should be required to provide free layaway? NurseJackie Sep 2021 #115

welcome to your de facto credit card onethatcares Sep 2021 #10

Good points NT Rorey Sep 2021 #12

They already do have a store credit card durablend Sep 2021 #14

there's always this onethatcares Sep 2021 #16

Debt bondage/Company store: You're all coal miners now. Duncan Grant Sep 2021 #94

Debt Bondage Defenders: They're not exploiting you, they're helping you! Lancero Sep 2021 #102

Stores started lay away before there were marybourg Sep 2021 #11

You know because the Walton's are just not mikeysnot Sep 2021 #20

How does this increase the Walton's wealth? left-of-center2012 Sep 2021 #26

Really? This will save them labor costs. kickitup Sep 2021 #35

This message was self-deleted by its author left-of-center2012 Sep 2021 #39

Also, it solves a labor shortage problem for them Rorey Sep 2021 #44

Affirm offered Walmart a substantial cut of the pie. Duncan Grant Sep 2021 #101

When I was a kid, my parents helped me learn to budget and plan by using layaway StarfishSaver Sep 2021 #22

Fucking greed Duncanpup Sep 2021 #30

How are they making more money? left-of-center2012 Sep 2021 #53

Interest Duncanpup Sep 2021 #57

Yes, the LOAN company will make the interest left-of-center2012 Sep 2021 #78

Apologize I read that wrong Duncanpup Sep 2021 #82

I would bet a lot that there is some way WalMart is getting a cut FoxNewsSucks Sep 2021 #109

I would be shocked if there isn't fescuerescue Sep 2021 #120

Walmart is getting something out of this deal...don't kid yourself. Demsrule86 Sep 2021 #112

They'll Likely Lose More In Sales Than They'll Save In Costs Jim G. Sep 2021 #51

I bet they analyzed it much more than we have! Nt USALiberal Sep 2021 #54

One of the fun stories of the holiday season MissB Sep 2021 #56

They are now moving to hire-purchase malaise Sep 2021 #58

the old never-never scam Celerity Sep 2021 #66

We from the Caribbean or with Caribbean links know this better than most malaise Sep 2021 #74

Brasil does that too, the favella people end up paying 500 usd for a 150 usd pair of Nikes Celerity Sep 2021 #83

This message was self-deleted by its author malaise Sep 2021 #59

Corporate whores! lark Sep 2021 #76

This is not all bad. KentuckyWoman Sep 2021 #77

I'm 65 and never purchased anything on layaway LeftInTX Sep 2021 #84

At least after reading the article I see why there is a charge dsc Sep 2021 #86

This is no big deal. Most stores don't have layaway any more. Captain Stern Sep 2021 #90

You should give what you can afford, not go into debt for it. marie999 Sep 2021 #97

Definitely Rorey Sep 2021 #103

A fun activity that we do: Saran Ball Rorey Sep 2021 #104

Walmart is just an awful company. milestogo Sep 2021 #105

Affirm also has a similar deal with Amazon FoxNewsSucks Sep 2021 #110

I did not know Amazon has an affinity card left-of-center2012 Sep 2021 #130

I may be misusing the term "affinity" FoxNewsSucks Sep 2021 #132

I didn't even know lay-away existed anymore. iemanja Sep 2021 #111

This should be fun. LiberalFighter Sep 2021 #114

Customers can still do layaway. fescuerescue Sep 2021 #116

I hear you...but.... Xolodno Sep 2021 #131

Terrible strategy given the rise of Buy Now, Pay Later apps (which don't charge interest). themaguffin Sep 2021 #129

Well, one thing the Pandemic has taught me and some others...we don't need more stuff! joetheman Sep 2021 #133