No More Walmart Layaway
The discount superstore giant has decided to get rid of their layaway system for good starting on November 19th, with all layway merchandise payment/pick-up transactions to be completed by the end of December. I don't know what their plan is, but that seems kind of a bad time of year to do this, since most people use layaway for Christmas gifts. Now, this sounds to me like something that might potentially alienate a lot of regular Walmart customers and cause a lot of kids to have crappy Christmases, But what do I know? I am just a lowly blogger, after all.
Now in place of the layaway system, Walmart is proposing a system of (of course) credit cards. Apparently these will be store specific cards, like you get when you by furniture. They are proposing to have 0% interest periods of 6 to 12 months to help shoppers pay for all their stuff. I thought layaway was to help people out who didn't have or couldn't get credit cards in the first place?
Now in place of the layaway system, Walmart is proposing a system of (of course) credit cards. Apparently these will be store specific cards, like you get when you by furniture. They are proposing to have 0% interest periods of 6 to 12 months to help shoppers pay for all their stuff. I thought layaway was to help people out who didn't have or couldn't get credit cards in the first place?
