Here are seven retailers that still have layaway programs:. The supercenter locations may offer it year-round for jewelry purchases. Burlington Coat Factory has offered layaway for decades. All you have to do is take your items to the service desk and they will take care of the rest. Marshalls and T. Maxx , which are both owned by TJX Companies, offer a layaway plan, but not at every location. Call your local store to find out if they participate.
With the holiday season practically in the rear, our wallets may be breathing a sigh of relief. Layaway plans have been around for decades. I myself remember picking out items — like back-to-school clothes — to bring to the counter at the back of the store where they would live until my mom paid for them in full. At the time, I thought layaway was a way to hide Christmas presents during the holiday shopping season.
It is a buy-now-pay-later model that rose to popularity in the s and s. When using layaway, the customer would typically make a down payment on the purchase and perhaps pay a small fee, and then pay off the rest of the purchase in installments , interest free. In a sense, it was like the no credit loan of the Great Depression era but possibly with better loan terms. As an adult, I had completely forgotten about layaway purchases. Perhaps you had, too. So I wondered: Is layaway still around?
Layaway was particularly popular before the widespread use of the credit card. In the s and s, when credit card ownership rose, the popularity of the service started to decline.
Credit cards allowed people to take their purchases with them right away, and by the early s, layaway was nearly dead as retailer after retailer stopped offering the service. Then the Great Recession hit. For example, Walmart stopped its layaway program in , but reopened it again for the holidays in Today, some physical stores still offer traditional layaway programs. If you have a strict monthly budget, or are trying to avoid credit card debt during the holiday season, you may consider checking out some of these programs — but do note the layaway fees that may accompany your agreement.
Options include:. Location : All layaway plans must be set up in a GameStop store location. All payments must be made at the same store location where the layaway plan was set up. Merchandise must also be picked up in the same store location. Other Information : Your layaway deposit is refundable at any time. When making layaway installment payments, trades may be used as an effective form of payment. Currently, layaway online is not offered. This amount varies by state.
Minimums : Ask at your local store. Restrictions : Jewelry, furniture, food items, and marked-down red tag merchandise may not be purchased on layaway. Location : All items must be picked up or canceled within a day period. Inquire at your local store for more information on where layaway set-up, payments, and final merchandise pick-up should be made.
Other Information : Layaway is offered only for in-store purchases at Marshalls and TJ Maxx, and it is not offered in all store locations. Select stores participate in the layaway program. Use the store locator to find a participating Marshalls store or TJ Maxx store near you.
While online layaway is not currently offered, this may change in the future. Information about Burlington layaway programs is limited on their website. They advise customers to visit the customer service desk at any Burlington store location to learn more about the program. Typically, Burlington layaway plans are for 60 days, but for select Baby Depot items, you may be eligible for 90 days.
No cash refunds will be made. Other Information : Burlington layaway information is limited on the Burlington website. Customers heavily encouraged to visit their local Burlington or Baby Depot store. Possible that terms and conditions vary by store. Ashley Furniture offers layaways. There is no online layaway, but many Ashley HomeStore locations offer layaway service. Cancellation : Ask at your local store. Other Information : No information of any kind is offered about HomeStore Layaway is offered on their website, except to state the service is offered in some stores.
It is probably a good idea to call your local Ashley HomeStore in advance to inquire. Mattress Firm is another furniture layaway option. The retailer offers a day layaway plan. Mattress Firm has over 3, store locations in the U. The chain sells mattresses, bed frames, bedding, billows, cribs, changing tables, dressers, and more. For additional fees, ask a store rep at a Mattress Firm store near you. Restrictions : Certain products and models do not qualify for Mattress Firm Layaway.
Excluded merchandise includes floor models, vendor rollbacks, vendor rebates, furniture, accessories, clearance merchandise, and other special merchandise.
Cancellation : Mattress Firm will refund all payments made up to 90 days if the layaway is canceled. If the original item s selected for layaway is no longer available, you can request a full refund or ask that the payments made be applied towards other merchandise.
Other Information : Mattress Firm will not order your layaway item s until the final payment has been made and the full amount owed has been paid in full. If interested, ask about layaway online at a local Mattress Firm store.
Kmart offers layaway options to customers in-store and online. You can shop layaway in-store or with the Kmart app. Kmart online layaway is also an option. For layaway payment terms, the options are either an 8-week or week plan. Minimums : Inquire at your local Kmart store.
Restrictions : Some in-store items may not be eligible for layaway. Ask a local store rep. Returns : Inquire at your local Kmart store. Location : Online layaway may be set up. Other Information : There is a service fee to set up Kmart Layaway. Payments are due in set installments. For 8-week plans, 4 payments are due after the down payment is made. For week plans, 6 installment payments must be made. If a payment is missed, there is a 7-day grace period.
After the grace period, your layaway contract will be canceled and item s returned to stock.
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