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**viiagrag** · 11-14-2011, 01:40 AM

ALBANY, N.Y. (AP) — The return of layaway plans this holiday shopping season is raising concern that the break from credit cards might actually cost consumers far more.
For example, a rock 'n' roll Elmo doll that requires a $5 layaway fee and a 10 percent down payment for a month can equal a credit card that charged more than 100 percent interest, U.S. Sen. Charles Schumer said Sunday.

11-14-2011, 01:40 AM	#37
viiagrag Join Date Oct 2005 Posts 401 Senior Member	ALBANY, N.Y. (AP) — The return of layaway plans this holiday shopping season is raising concern that the break from credit cards might actually cost consumers far more. For example, a rock 'n' roll Elmo doll that requires a $5 layaway fee and a 10 percent down payment for a month can equal a credit card that charged more than 100 percent interest, U.S. Sen. Charles Schumer said Sunday.
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