Why You Should Think Twice About Layaway Plans

Personal Finance

Why You Should Think Twice About Layaway Plans

Why You Should Think Twice About Layaway Plans

September has only just begun, but holiday layaway plans are already making the news. Wal-Mart, the world’s largest retailer, recently announced plans to extend its holiday layaway program by a month this year, in addition to tripling its service fee from $5 to $15. The catch to the Wal-Mart plan is that consumers can get… Read More

Sears Introduces Vacation Layaway Program

Personal Finance

Sears Introduces Vacation Layaway Program

Sears Introduces Vacation Layaway Program

Sears is getting into the vacation business. The retailer launched a new site last week called SearsVacations.com that lets consumers book hotel stays, flights, cruises and other travel accommodations online. It also lets consumers pay for vacation packages via layaway. The layaway or flexible payment option can be applied to a two-vacation package that features… Read More

3 Reasons Not To Use Layaway

Personal Finance

3 Reasons Not To Use Layaway

3 Reasons Not To Use Layaway

“Layaway is back!” the headlines are telling us. Numerous retailers are promoting layaway for cash-strapped holiday shoppers in the hopes of boosting sales. Almost every major retailer offers layaway: Sears, Kmart, Walmart, Toys”R”Us and many more. And although it may sound like I am knocking layaway, I do understand how important non-credit options may be… Read More

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