Sears and Kmart Layaway Programs

Sears and Kmart are making it easy to shop for the holidays without breaking out the plastic. You can pay only $15 or 20% down, (whichever is greater) and make payments online over an 8 week period for all of your layaway items. There are only 6 weeks until Christmas, so you will have to step up a few payments, however it can still be done!

Here is the information on the layaway contract at Sears. There is a $5 charge to initiate the layaway contract. Remember, you will have less than 8 weeks to pay if you want to pick up the items before Christmas.

Here is the link to the Kmart layaway program. Not all items are eligible for layaway, but if you want to get your shopping done now, and pay over time with no finance charges, this may be a good option for you.

Walmart is bringing the layaway plan back in time for the 2011 Christmas season. Layaway at Walmart begins October 17th. You can layaway toys and electronics of $15 or more, including dolls, bicycles, video games and televisions, so long as the total purchase price exceeds $50. You will have until December 16th  to pay off your remaining balance and take home your goods.

To qualify for the new layaway plan, customers must spend at least $50, and each item put on layaway must be worth at least $15. Shoppers pay a $5 fee to open the layaway, put 10% down, and the balance must be paid by December 16th or you will pay a $10 cancellation fee.

Here are other stores offering layaway based upon my research on their websites. If you know of any others, please leve me a comment so others can benefit!

General policies about layaway, individual stores will vary:

Most layaway plans charge a fee of about $5.00 for the service. If you change your mind and don’t complete the purchase within the required time, usually 4-8 weeks, you can get a refund, usually minus the set up fee or a restocking fee.

Compare the cost of financing the purchase on your credit card before you decide.

Burlington Coat Factory – $5 fee and 20% down. Pay in 8 weeks or less, read layaway policy HERE

Toys”R”Us and Babies”R” Us -available for “big gifts” read their  layaway policy HERE.

Dress Barn -from their website: Do you have a layaway policy?

• Yes, dressbarn does have a layaway policy. Our policy varies depending on where the layaway transaction is taking place. We invite you to visit any dressbarn location and ask a Sales Associate to assist you with your layaway.

In researching this article these stores were mentioned in articles as offering layaway plans but I could not verify this on their websites; please check with the individual store managers:

Men’s Warehouse

Footlocker

Big Lots

TJ Maxx & Marshalls- many stores (but not all of them) offer layaway.

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