Planning to use layaway to stretch your budget this holiday season? Here's a rundown of the stores that are offering layaway:
Burlington Coat Factory
Pay a 20% deposit and a $5 service fee to initiate a 60-day layaway. The second 20% payment must be made within 14 days. Canceled orders will result in a $5 fee. Any refunds resulting from the cancellation or return of layaway merchandise will be placed on a store gift card. No cash refunds will be made. For complete details:
Burlington Coat Factory's Layaway Policy
Kmart
Available in store and online (for all items marked with the layaway icon). Pay $15 or 10% down (whichever is greater) and a $5 initiation fee. Then, make payments over an eight-week period. A $10 fee applies to all canceled orders. All online orders must be picked up in store. For complete details:
Kmart Layaway Program
Kmart Layaway Facts
Marshall's
Pay 10% down and a $5 service fee. Merchandise must be paid off and picked up within 30 days. Not offered in all stores. Use the store locator on their website to locate a participating store near you (noted by a little hanger icon). Jewelry and clearance items do not qualify for layaway.
Sears
Available in store and online for all items marked with the layaway icon. Pay $15 or 20% down (whichever is greater) and a $5 initiation fee. Then, make payments over an eight-week period. A $10 fee applies to all canceled orders. All online orders must be picked up in store. For complete details:
Sear's Layaway Program
Sears Layaway Facts
TJ Maxx
Pay 10% down and a $5 service fee. Merchandise must be paid off and picked up within 30 days. Not offered in all stores. Use the "Find a Store" function on their website to locate a participating store near you (noted by a little hanger icon). Jewelry and clearance items do not qualify for layaway.
Toys R' Us
Large ticket items like bikes, dollhouses, play kitchens, car seats and strollers may be placed on layaway. Must make a 20% deposit, pay all applicable taxes and pay a $10 service charge at the time the item is placed on layaway. All items must be paid for by Dec 6 to be available for pickup before Christmas. Canceled orders will result in a $5 fee. Layaway is currently offered in stores only. Stop by a Toys R' Us for complete details.
More Layaway Options
Many antique stores and jewelry stores also offer layaway. Call around to find out what your local businesses are offering this year.
Poll: Do you plan to use layaway this year?
1) Yes
2) No
3) I'm still undecided.
