Store layaway policies

Store layaway policies

CAPE GIRARDEAU, MO (KFVS) - Thinking of using layaway to buy those gifts this holiday season? Here's a look at the policies at some popular stores:

**Walmart - Layaway is available starting October 17 and ending December 17 on electronics, jewelry and toys.

There is a 5 percent layaway fee, and the plan is available on total purchases over $50 with each individual item over $15.

The required deposit is 10 percent.

**Kmart - Layaway is available both for in-store and online purchases with a deposit of $15 or 10 percent (whichever is more) plus a $5 layaway fee.

Purchases can be paid off over a maximum eight-week period and there is a $10 fee for canceled orders.

**Sears - Layaway is offered only on certain items, which are marked in the store.

There is a $5 fee and a deposit of the greater of $20 or 20 percent is required. The payoff period is eight weeks and there is a $15 fee for canceled orders.

**Best Buy - Only certain items over $250 are available for layaway.

The deposit is 25% of the total purchase and the layaway fee is 5 percent (higher than most other plans).

You can select either an eight or 12 week repayment period.

**TJ Maxx - The layaway plan is only available in some stores.

You can layaway for up to 30 days with a 10 percent deposit and a $5 fee.

**Toys R Us - A deposit of at least 20 percent of the total price of your order plus all taxes and a $5 service fee are due when the merchandise is put into layaway.

The purchase must be paid off in 90 days, but to guarantee delivery by Christmas, the item must be completely paid for by December 4.

There is an additional $10 charge for canceled orders. Online shoppers can use the "Bill Me Later" option to make payments on their purchases over time.

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