New Report: Holiday Layaway Plans Gouge Consumers

According to Credit Card Assist, a new study reveals layaway interest rates at popular stores as high as 136%. Los Angeles, CA (PRWEB) December 20, 2011 Layaway plans, marketed this holiday season as an affordable alternative to credit cards, cost consumers much more than they know. According to a report published today by leading credit card intelligence firm CreditCardAssist.com, the holiday layaway plans offered by retailers like Wal-Mart, Sears and T.J. Maxx target lower-income consumers with the goal of triggering impulse buys, and customers will pay as much as 136% interest on their
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