Kmart Follows Toys R Us in Dropping Layaway Fees

Wal-Mart cuts layaway fee - Sep. 4, 2012

Layaway cancellations may result in our standard layaway cancellation fee - see Layaway Cancellation Fee Schedule below.

ComplianceSigns Plastic Payment Policies Sign, 10 x 7 in. with English Text, White

Too low to display
  • Review
  • TAG : 5 Stores with the Best Layaway ..
ADD TO CART
  • In September, Ohio'sattorney general filed suit against the online layaway companies LayawayExpress and 123 Layaway for not delivering products to consumers and notproviding refunds. Consumers put down 10percent of the purchase price, plus paid a $25 layaway fee, but in severalinstances consumers said they never received their merchandise and their moneywas not refunded.

    Watch for layaway fees
    While layaway can encourage thrift and budgeting, experts advise consumers to keep an eye on the fees, which on some purchases can be high enough to wipe out any savings.

  • Walmart. The mega-discounter is reducing layaway fees to $5 from Sept. 16 to Dec. 14. Walmart dropped layaway for anything but jewelry in 2006 but brought it back last year to include toys and electronics. Small home appliances and big-ticket sporting goods are eligible now, too. Customers who pay off their layaway get a $5 Walmart gift card.

    Walmart. The mega-discounter is reducing layaway fees to $5 from Sept. 16 to Dec. 14. Walmart dropped layaway for anything but jewelry in 2006 but brought it back last year to include toys and electronics. Small home appliances and big-ticket sporting goods are eligible now, too. Customers who pay off their layaway get a $5 Walmart gift card.

    Where does it say about awarding $6 right upon starting layaway?  It says $5 on completion of contract (not cancellation, right?)  -- and mentions about waiving $5 or $10 of layaway fees during the period.

    Is this something you actually experienced on going through with cancellation during this offer period?

    Also says not available at all Kmart stores but I assume any store with layaway would be eligible.

  • Video No
    SKU LAYAWAYFEE
    Manufacturer No
    Caliber No
    Action Type No
    Style No
    Color No
    Magazine Capacity No
    Magazines Included No
    Detachable Magazine No
    Barrel Length No
    Rate of Twist No
    Threaded Barrel No
    Overall Length in Inches No
    Sights No
    Recoil Pad No
    Metal Finish No
    UPC No
    Manufacturer Part Number No
    CA Legal No
    CO Legal No
    MA Legal No
    MD Legal No
    NY Legal No
    Quantity Discount No
    Handedness N/A
    MSRP No
    List price No

    Sears' move follows Toys R Us' announcement Monday that it would drop layaway fees. Walmart lowered its layaway fee to $5 from $15 on Wednesday.

Stores Offering Layaway Plans - Frugal Living

The layaway program offered by Walmart requires a $5 service fee for a payment plan, a 10% down payment, and requires final payment and pickup by December 16. Walmart also has a layaway cancellation fee of $10.