This topic contains 4 replies, has 3 voices, and was last updated by 
Whirlibird 8 months, 1 week ago.
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Brilliant move on the banks/retailers side.
Get the sale, minimal risk considering the actual cost of many things. And if they don’t pay, the debt collectors are right there.
Lets face it, people are more likely to pay $20 a month than save it and budget the purchase.
And with retail sales stagnating for a while, any sales are good, especially when the person is going to be buying other stuff at the same time. Get them in the door, keep them coming back.
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…….a bit speechless. Folks’ definition of “necessities”….. Sears Lay a Way was a pretty good idea. You didn’t get the item until it was paid off. But this….is encouraging debt. Encouraging debt for NOT essentials like concert shirts for babies. ?????
OldMtWoman ….job security for debt-collectors, if you like that sort of work. { roll eyes}
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OMW, this is exactly the same practices that were going on prior to the Great Depression.
New icebox? New Model T? Aside from the fact that these are tangible things, same practices.
From a business standpoint, its a goldmine.
People buy at 10% flat rate and you can write off the loss and still get it back from court.
If the buyer is smart, they can utilize this better than a credit card. Most people aren’t smart.
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Now think about the last post and the consequences that history has shown those willing to learn.
Buckle up buttercup. Its going to get interesting.
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