Walmart is scrapping layaway; here’s what’s replacing it

[BushidoBrown]

A old fukk buddy of mine just got a senior position at Affirm. Chick posting it everywhere like she so proud, i'm just sitting back looking at her working for the modern pay day loan corp like

 

[Oatmeal]

debt trap

Walmart a bank now huh? How many low income folks are going to fall for this debt trap I wonder

Walmart had layaway? With those already cheap prices smh? People are really broke out here. This is definitely another quick way into debt.

So will Walmart hire you if you can't pay you debt off so you can work it off as garnishments? Like indentured servants...

 

[richaveli83]

finish the payment and the ps5 pro comes out

 

[Spence]

I wouldn’t be surprised if all retailers switched to this model since they are about to reap a ton more money out of poor people

 

[-DMP-]

So how does Affirm and it’s like make money if they don’t charge interest. Are they charging companies a fee like CC companies ?

 

[MR. SNIFLES]

So how does Affirm and it’s like make money if they don’t charge interest. Are they charging companies a fee like CC companies ?

THEY DON'T CHARGE INTETEST ON EVERYTHING. THEY USE THE NON INTEREST ITEMS TO PULL YOU IN AND THEN THEY GET YOU ON BIG TICKET ITEMS.

IT'S BETTER THAN RENT TO OWN STILL.

 

[Scaaar]

shyt I ain’t even gonna front, if it weren’t for Wal Mart having layaway back in the day Christmas mornings would’ve been absolutely terrible.

So I can see the advantages of layaway. I’m not sure how Affirm works since I’ve never used it or any of the other similar services. Do they work like Rent A Center where you pay low amounts every 2 weeks and wind up paying like 4x the original price?

It's not that bad they break it up into either 6, 9, 12, or 24 month payments. I think the 12 and 24 month ones have interest tacked onto it but its just rolled into the payments. I just used it to get that 2tb SSD for the PS5 that I'm going to pay off in 6 months

 

[Scaaar]

fukk everything thats not Sezzle...they report to ur credit bureau every few weeks..bought a tv and some shoes and credit score went up 114 points in two months...I'm buying Christmas though this app and by Feb will have another bump in credit..real talk check it out

I never even heard of sezzle but that's nice

 

[Jean Jacket]

Creative ways to overpay for bullshyt.

Only things I have seen the need for are consoles and games.

 

[NinoBrown]

Imagine not being able to spend 400 dollars on some electronics in one shot....

Broke Boi winter incoming and they gonna pay 28% interest to these predatory lenders...

A fool and his money....smh

 

[13473]

with layaway is it u put down money & if u don't pay off the full balance u lose all your money?

 

[BigMoneyGrip]

AAFIRM IS JUST A WAY TO LOCK IN THE SALE. RESTOCKING ALL THE LAYAWAYS PEOPLE NEVER FINISH PAYING FOR HURTS THE BOTTOM LINE FOR BLACK FRIDAY AND CHRISTMAS SALES.

Facts… You get approved through affrim then you can take the merchandise home and affirm will billl you later

 

[Dwolf]

Shop at Walmart brehs

 

[jeh]

with layaway is it u put down money & if u don't pay off the full balance u lose all your money?

Pretty much that's why stores back in the day like Kessler's, Woolworth, Toys R Us was booming because you put whatever on law away and pay toward the balance but it wasn't yours yet until it was paid in full...some had interest some didn't

Game sorta changed when pawn shops did the same thing

War on drugs had boosters falling back, it's rare to find a booster now days not condone stealing no course just thought it was kinda of Germain to the topic

 

[MR. SNIFLES]

with layaway is it u put down money & if u don't pay off the full balance u lose all your money?

NAH. YOU JUST LOSE THE ITEM. YOU GET STORE CREDIT.