When it comes to layaway plans, read the fine print - Dallas News | myFOXdfw.com

FOX 5 I-Team investigates

When it comes to layaway plans, read the fine print

Posted: Updated:
ATLANTA -

Layaway plans for purchases have been back for a while, but this holiday season more and more retailers offer it. Like any good deal, you need to read the fine print to make sure you know what you're getting.  

Layaway means you can have an item held at a store until you can pay it off, usually in installments. Once you've paid the bill, you can take it home. When the economy tanked, layaway re-surfaced.  

Many of these layaway plans are similar, but they do have their differences.  

Walmart

According to the company's web site, its layaway plan is for in-store purchases only. You can't do it online. To get started, Walmart has a $5 layaway fee that is refundable with your final payment.  And you have to put down $10 or 10 percent, whichever is greater. It has to be picked up by Dec. 14h.

Sears

Over at Sears, the pick-up date is early - December 3rd. Sears has a four-installment payment plan.  You will also have to have a down payment of $20 or 20 percent. Their web page shows that some of their online products are available for layaway, but not all.

Best Buy

Not all Best Buy stores participate in layaway, but the ones that do have a high minimum purchase of $250. There is also a 5 percent layaway fee on top of the purchase price. And you'll need 25 percent for a down payment.

Make sure you read the fine print. Know that if you if you cancel your order, you can get your money back although the retailer will likely keep the initial fee.

  • I-Team Story ArchiveMore>>

  • Mom confronts Ray McBerry over modeling request

    Mom confronts Ray McBerry over modeling request

    Monday, July 28 2014 10:31 PM EDT2014-07-29 02:31:15 GMT
    A twice-failed candidate for Georgia governor found himself face-to-face with a mother furious over what he was trying to do this month with her teenage daughter.
    A twice-failed candidate for Georgia governor found himself face-to-face with a mother furious over what he was trying to do this month with her teenage daughter.
  • Unresolved bank errors? Help is on the way

    Unresolved bank errors? Help is on the way

    Monday, July 28 2014 8:11 AM EDT2014-07-28 12:11:30 GMT
    Taking on a big bank, even over something like a minor bank error, can be maddening. You feel like no one is listening. It's like being trapped in a maze you can't get out of, but somebody is noticing how frustrating that can be.
    Taking on a big bank, even over something like a minor bank error, can be maddening. You feel like no one is listening. It's like being trapped in a maze you can't get out of, but somebody is noticing how frustrating that can be.
  • I-Team Investigation

    Former Douglas Co. D.A. office manager indicted

    Former Douglas Co. D.A. office manager indicted

    Sunday, July 27 2014 3:24 PM EDT2014-07-27 19:24:49 GMT
    There are major new developments today in the state investigation of the Douglas County District Attorney's office. Tammy Agan, the former office manager, has been indicted on 58 counts of theft and making false statements.
    There are major new developments today in the state investigation of the Douglas County District Attorney's office. Tammy Agan, the former office manager, has been indicted on 58 counts of theft and making false statements.
  • Contact the FOX 5 I-Team

    * denotes required fields

    We're sorry, but only one entry is allowed per person.
    Thank you for your continued interest.

    Thanks for contacting FOX 5.  To reach our newsroom by phone, please call (404) 898-0100.

  • Good Day ArchiveMore>>

  • Back to School Jamboree with Hosea Feed The Hungry

    Back to School Jamboree with Hosea Feed The Hungry

    Hosea Feed the Hungry will host their annual Back to School Jamboree on Sunday, July 13, 2014 from 10:00 a.m. until 3:00 p.m. at Turner Field. Children will receive a backpack filled with school supplies.

    Hosea Feed the Hungry will host their annual Back to School Jamboree on Sunday, July 13, 2014 from 10:00 a.m. until 3:00 p.m. at Turner Field. Children will receive a backpack filled with school supplies.

  • FOX Medical Team

    Is it safe to kiss your pet?

    Is it safe to kiss your pet?

    Tuesday, July 29 2014 8:24 AM EDT2014-07-29 12:24:46 GMT
    If you’re a pet owner, you’ve probably been there. You lean down to say hello and, before you know it, your dog has planted a big wet one right on your mouth.But a UGA Vet says that “kiss” may come with a downside.
    If you’re a pet owner, you’ve probably been there. You lean down to say hello and, before you know it, your dog has planted a big wet one right on your mouth.But a UGA Vet says that “kiss” may come with a downside.
  • Good Day Atlanta

    Will they melt? Good Day tests Walmart ice cream sandwiches

    Will they melt? Good Day tests Walmart ice cream sandwiches

    Tuesday, July 29 2014 7:30 AM EDT2014-07-29 11:30:09 GMT
    A summertime treat makes headlines for its reported unusual longevity. A mom in Cincinnati, Ohio told WCPO-TV that she left her son's Walmart ice cream sandwich outside overnight- and it never fully melted!
    A summertime treat makes headlines for its reported unusual longevity. A mom in Cincinnati, Ohio told WCPO-TV that she left her son's Walmart ice cream sandwich outside overnight- and it never fully melted!
Powered by WorldNow

KDFW FOX 4
400 N. Griffin Street
Dallas, Texas 75202

Main Station Directory:
(214) 720-4444
News Fax:
(214) 720-3263 or (214) 720-3333

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices