Do you buy now and pay later?

[CBC News]

Sears Holdings has announced plans to bring back the layaway in a bid to help financially squeezed consumers in the U.S. during the holiday season.

The department store will make the payment plan available beginning Sunday. Under the plan, the retailer holds items for buyers who put down deposits.

FULL STORY

Do you use lay-away? Take our poll or leave your comments below.







More...

 

[scratch]

Never. (used to but not now).

 

[Scott Free]

I'm strictly cash only.

 

[karrie]

Buy now pay later? Only on houses.

But, layaway is different than buying now and paying later. It's paying in installments, and not getting it until you're done paying. Not quite the same as using credit is it? Or am I missing something?

*sigh* yes, I am missing something... the deposit. But, the layaway plans I've seen have all been interest free. And you don't get your good UNTIL they're paid for.

 

[Risus]

Only when I buy a vehicle.

 

[Said1]

Cash only.

 

[darkbeaver]

Cash and shoplifting

 

[Said1]

Cash and shoplifting

In jr. high scool, my best friend got caught shoplifting some candy at Beckers. She was so scared she ripped the wart right off the palm of her hand. :lol:

 

[fubbleskag]

in my experience, almost everything you buy now, whether it be cash or credit, you end up paying for later.

 

[darkbeaver]

In jr. high scool, my best friend got caught shoplifting some candy at Beckers. She was so scared she ripped the wart right off the palm of her hand. :lol:

Poor kid.------I use small children which I borrow from my niece I mean babysit from my niece they carry the loot, when we're I mean they're caught I'm shocked and embarassed and I lecture them sternly and then we go to the next outlet. Their great kids.:lol:

 

[SirJosephPorter]

I think layaway plans are an excellent idea; they used to be quite popular before the easy availability of credit. It is good to know that they are making a comeback.

As to buy now pay later, I never subscribed to that. I got my first credit card late in life, when I was 36 years old. Before that it was cash and checks. When I got the first credit card, I made it quite clear to my wife; we were not going to charge anything to the credit card unless we had money in the bank to pay for it.

I use credit card as a source of interest free loan, as a convenience, not as a source of unlimited amount of money. I always pay the credit card bills in by the due date; so far I haven’t paid a penny in credit card interest. I don’t even know how much interest my credit cards (now I have three of them) charge.

 

[In Between Man]

I never use layaway. I didn't think the layaway feature existed anymore...

I never use my debit card to purchase.

I almost alwayz use cash.

I use credit, but pay it off in full on pay day.

I keep cash stashed at home.

 

[Hazmart]

I was thinking about doing layaway for appliances for the new house, the house isn't going to be finished for a couple months yet and I don't have anywhere to store appliances if I bought them right now and I want the appliances that I picked to be available when I need them. So I was seriously thinking about it as long as the layaway is interest free, I may just do that. Then also by the time we move it they will be already paid for so one less big expense when we are moving in.
As for buy now pay later, no way!

 

[Scott Free]

I found this interesting fact from Harpers:

Average number of credit cards per U.S. household: 12.75

But according to CanWest (sorry no link) Canadians have on average 2.7 credit cards which is half that of the average American.

What that would be per household I'm not sure but 5.4 is probably a fair guess.

Anyway, it seems Canadians on average don't much like credit compared to Americans. I wonder if this is part of the Reason Canada has faired better than the US in the financial crisis so far (knock on wood) (I know, I know the gamblers fallacy )

 

[In Between Man]

Anyway, it seems Canadians on average don't much like credit compared to Americans. I wonder if this is part of the Reason Canada has faired better than the US in the financial crisis so far (knock on wood) (I know, I know the gamblers fallacy )

I think definitely its some cause to why were(hopefully) better off.....