Senator warns of layaway's cost

Senator warns of layaway's cost

There are 29 comments on the Rome News story from Nov 13, 2011, titled Senator warns of layaway's cost. In it, Rome News reports that:

The return of layaway plans this holiday shopping season is raising concern that the break from credit cards might actually cost consumers far more.

Join the discussion below, or Read more at Rome News.

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Since: Aug 07

Location hidden

#25 Nov 15, 2011
The fees are already disclosed. Did you read my post before? Some retailers like Walmart and Kmart even post the fees online. Retailers are more upfront about fees than the banks.
PlacitasRoy wrote:
<quoted text>
You failed to answer the questions:
"Whining?" How in the hell does advisig consumers of the potential risks/hidden costs and advising retailers to be open and above board with disclosure constitute 'whining?'
What did he proposed that would 'interfere' with consumer spending?

Since: Sep 08

Placitas, NM

#26 Nov 15, 2011
jenny623 wrote:
The fees are already disclosed. Did you read my post before? Some retailers like Walmart and Kmart even post the fees online. Retailers are more upfront about fees than the banks.
<quoted text>
YOU AGAIN FAILED TO ANSWER THE QUESTIONS:

"Whining?" How in the hell does advisig consumers of the potential risks/hidden costs and advising retailers to be open and above board with disclosure constitute 'whining?'

What did he proposed that would 'interfere' with consumer spending?

“If it ain't broke don't fix it”

Since: Jul 09

Arcadia, LA.

#27 Nov 15, 2011
PlacitasRoy wrote:
<quoted text>
YOU AGAIN FAILED TO ANSWER THE QUESTIONS:
"Whining?" How in the hell does advisig consumers of the potential risks/hidden costs and advising retailers to be open and above board with disclosure constitute 'whining?'
What did he proposed that would 'interfere' with consumer spending?
Does Chuckie own stock in any credit card company? If so, his statement would not only be an attempt to interfere with consumer spending, but would also be a huge conflict of interest.

Since: Sep 08

Placitas, NM

#28 Nov 16, 2011
dragoon70056 wrote:
<quoted text>
Does Chuckie own stock in any credit card company? If so, his statement would not only be an attempt to interfere with consumer spending, but would also be a huge conflict of interest.
You too FAIL to answer the question: How in the does his statement constitute ANY attempt to interfere with consumer spending?

BTW: Did you fail to note the last sentence of the artcle: "As a financing option, layaway is decidedly worse than most credit cards," Professor Louis Hyman of Cornell University recently told The New York Times. Hyman is the author of "Debtor Nation: A History of America in Red Ink."

“If it ain't broke don't fix it”

Since: Jul 09

Arcadia, LA.

#29 Nov 16, 2011
PlacitasRoy wrote:
<quoted text>
You too FAIL to answer the question: How in the does his statement constitute ANY attempt to interfere with consumer spending?
BTW: Did you fail to note the last sentence of the artcle: "As a financing option, layaway is decidedly worse than most credit cards," Professor Louis Hyman of Cornell University recently told The New York Times. Hyman is the author of "Debtor Nation: A History of America in Red Ink."
You're right, I mispoke. His statement doesn't intefere with spending. It could have a direct effect on HOW people spend, though. Use credit cards instead of a layaway plan, etc. Of course, Chuckie has become such a laughing stock, I can't imagine very many people taking his advice.

Since: Aug 07

Location hidden

#30 Nov 16, 2011
The article does NOT state that Schumer has any basis for the fear, or warning the consumers, only that there MIGHT be higher fees with consumers not using credit cards. So it's all smoke and mirrors.
PlacitasRoy wrote:
<quoted text>
YOU AGAIN FAILED TO ANSWER THE QUESTIONS:
"Whining?" How in the hell does advisig consumers of the potential risks/hidden costs and advising retailers to be open and above board with disclosure constitute 'whining?'
What did he proposed that would 'interfere' with consumer spending?

Since: Sep 08

Placitas, NM

#31 Nov 17, 2011
jenny623 wrote:
The article does NOT state that Schumer has any basis for the fear, or warning the consumers, only that there MIGHT be higher fees with consumers not using credit cards. So it's all smoke and mirrors.
<quoted text>
You again FAILIED to answer the questions (FYI: whining, present participle of whine (Verb) 1.Give or make a long, high-pitched complaining cry or sound. 2. Complain in a feeble or petulant way.):

YOU AGAIN FAILED TO ANSWER THE QUESTIONS:
"Whining?" How in the hell does advisig consumers of the potential risks/hidden costs and advising retailers to be open and above board with disclosure constitute 'whining?'(FYI:

What did he proposed that would 'interfere' with consumer spending?

Since: Aug 07

Location hidden

#32 Nov 17, 2011
I guess I'm speaking to intelligent for you. So I'll come down to your level.
Whine: Synonyms
1. moan, whimper. 2. See complain.

He's complaining - about nothing that has happened, nor has Schumer shown cause or reason why layaways would be negative on consumers except to note that credit cards would not be used, therefore not getting those fees.

Of course you wont' get it - you just want to WHINE.
PlacitasRoy wrote:
<quoted text>
You again FAILIED to answer the questions (FYI: whining, present participle of whine (Verb) 1.Give or make a long, high-pitched complaining cry or sound. 2. Complain in a feeble or petulant way.):
YOU AGAIN FAILED TO ANSWER THE QUESTIONS:
"Whining?" How in the hell does advisig consumers of the potential risks/hidden costs and advising retailers to be open and above board with disclosure constitute 'whining?'(FYI:
What did he proposed that would 'interfere' with consumer spending?
Sharlene

London, UK

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