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Some big stores are going the extra mile for the holidays to earn your business by offering layaway for Christmas shoppers early and dropping many of the traditional layaway fees!
Benefits to Layaway:Layaway is a great solution for people who want to be able to snag the deals when they're at their best, but don't have the cash on hand and don't want to add to their debt by putting it on plastic.
Not all items in the store will be eligible for layaway and there is usually a minimum value required to open up a layaway. Most stores ask for a down payment of 10-25% of the purchase price and regular payments over the duration of the layaway. Fortunately this year, most stores are waving the service fee to open the layaway. Be sure to read the fine print and be aware of any restocking/cancellation fees you will have to pay if you don't fulfill the layaway agreement.
It's always worth asking if a store offers layaway. Many jewelry stores and smaller stores offer layaway, but may not advertise it. Also, stores that offered layaway in the past may not now. For example, the popular BestBuy Layaway program shoppers used in the past, does not look like it's coming back for 2013.
Will you be using layaway this holiday season?
:) Penny Moneybags
Stores with Layaway for Christmas Shopping:
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