Sears, K-Mart Latest To Offer Free Layaway
A lot of us utilize layaway to purchase holiday gifts now and pay for them on time. While Wal-Mart recently dropped its layaway fee from $15 to $5 MoneyTalksNews.com reports that Sears and K-Mart have completely dropped theirs meaning no interest or service fees to factor into buying decisions. Toy’s R Us is doing away with their layaway fees too which indicates a growing trend among competitive retailers. There are, however, possible downsides.
Missed payments could cost you the item and your money, and you may not be able to get sale prices. So read the policy carefully before choosing the layaway option.
So make sure to ask the right questions and read the fine print before laying away those items.