Walmart Layaway Plans Explained

Answer 1

The holiday time is upon us and there is Christmas shopping to be done. This year is a little different, however, in the fact that many people don't have as much cash as they would like for their shopping. Credit cards could one option, but you will end up paying high interest rates and risk being in debt for several months. One thing that many people don't consider is using a department store's layaway option. This option is available to people regardless of credit or finances. Here is how most layaway plans work: You get the items that you need or desire, especially if they are on sale at that moment, and you bring them to the layaway department. You will be asked to put down a percentage of the sale, which is usually about 10% The will also charge you a small service fee. The store will hold onto your merchandise while you pay off your balance a little or a lot at a time. When you have paid the balance in full, you can then get your items. Many layaway plans will also specify a timeframe in which you have to pay your balance, and if you don't you will lose your items and get a refund of your money minus a small percentage. A Walmart layaway plan could be the perfect way to do your Christmas shopping now and get all of the great deals and store discounts going on during the holiday season. Since Walmart has the lowest prices on all of the items you want, you can do all of your shopping in one place. As with any layaway plan, the best part about it is that you can buy it now and pay for it later. It's a way to use your own cash to pay for your items without going into credit card debt. So the next time you are a little tight in the pockets this holiday season, consider using the Walmart layaway plan for all of your Christmas shopping needs.