What Stores Offer Layaway Programs?

Layaway serves as a payment option that allows consumers to secure merchandise by making incremental payments over a period. The retailer retains possession of the item until the total purchase price is paid in full. This method provides an alternative for individuals who may prefer to avoid credit cards or do not have immediate funds for a large purchase. Essentially, it functions as a savings plan where the desired item is held aside while payments are made.

Stores That Offer Layaway

While traditional layaway programs have seen a decline, several retailers still offer this payment method, particularly for larger or seasonal purchases. Stores like Burlington, Kmart, and Sears provide layaway services, though specific terms and availability can vary. Some jewelry and furniture stores also frequently offer layaway options.

The availability of layaway can differ by store location, merchandise type, and time of year, with some retailers offering it seasonally, such as during the holiday shopping period. It is advisable to directly confirm with a local store regarding their current layaway policy and eligible items. Even online retailers like Amazon may offer layaway for select products, often with specific eligibility criteria.

Understanding Layaway Programs

A down payment is required to initiate layaway, often ranging from 10% to 25% of the item’s total price. This initial payment secures the item.

A defined payment schedule requires regular installments until the full balance is paid. Payments are commonly structured on a weekly, bi-weekly, or monthly basis, with contract durations often ranging from a few weeks to several months. Many layaway plans are interest-free. However, a non-refundable service fee, usually a flat rate between $5 and $15, may be charged to cover administrative and storage costs.

Not all items are eligible for layaway; retailers often restrict programs to higher-priced merchandise such as electronics, jewelry, or furniture, while excluding clearance items, groceries, or gift cards. Should a customer decide to cancel a layaway, policies vary but may result in the forfeiture of the service fee and potentially a portion of the payments made, or the issuance of store credit. It is important to review the specific cancellation policy, which might include restocking fees, before entering into an agreement.

Managing Your Layaway Account

Initiating a layaway purchase involves selecting the desired item and taking it to a designated layaway or customer service counter. An agreement outlining the terms, including the down payment amount, payment schedule, and any fees, will be provided for review and signature. For online layaway, the process may involve selecting the layaway option during checkout for eligible items.

Payments on a layaway account can be made in-store. Some retailers may also offer options for making payments online or by phone. Consistent adherence to the payment schedule is important to avoid potential complications.

Once all scheduled payments are completed, the item becomes available for pickup. Retailers usually specify a timeframe for item pickup, which could range from a few days to several weeks after the final payment. If payments are missed, the layaway plan may be subject to cancellation by the retailer, potentially resulting in the loss of prior payments or fees. To formally cancel a layaway, customers need to contact the store’s customer service department and understand the specific refund or store credit process.