What is layaway and how does it work?
Layaway plans offer an easy financing plan for those who have limited or damaged credit. While credit cards require a credit check and may have income requirements, layaway plans don’t. Generally, the only requirement is that you’re 18 years or older and can show proof of your age.
How long does layaway take to come back?
It’s usually between 4 to 13 weeks. Once you’ve paid for the merchandise in full, you can bring it home. Layaway plans offer an easy financing plan for those who have limited or damaged credit. While credit cards require a credit check and may have income requirements, layaway plans don’t.
What happens if I cancel my layaway account?
Cancellation: If the account is closed or canceled, layaway items will be returned to store inventory. Down payment and subsequent payments made will be refunded, less $20 or 20%, whichever amount is greater. In certain states, cancellation fees do not apply or are set at a different threshold amount.
What are the deposit and fees for layaway?
Deposit and Fees: No upfront fee. The down payment must be $20 or 20%, whichever is greater. Minimums: Individual item (s) on layaway must be valued at $10 or greater.
What can you put on layaway at a retailer?
Retailers typically put a limit on the type of purchases you can place on layaway. For example, a retailer may only offer layaway for electronics, jewelry, or other big-ticket items, but if you want to use layaway to pay for a popular toy, you may have to go to another retailer.
How do I pay for my Lay-Away Package?
These payments can be made by mail, credit card, or PayPal. Please mail payments to the address below, only. You will need to include a note indicating your Shop Factory Direct Lay-Away Agreement Number, your name, address, and telephone number. Payments accepted through the mail will be cashier’s checks and money orders.