Posted by Lisa Strawbridge - email
TOLEDO, Ohio (WTOL) - Consumers have used layaway for years, but stores like Sears and Kmart are bringing the old payment program into cyberspace by offering layaway online.
The process requires a user to first register on the store's web site. After shopping online, the layaway option is one of the payment choices. Participants pay a five-dollar fee and a down payment of $15 or 10 percent, whichever is greater.
From there, payments are made every two weeks allowing eight weeks to pay off the entire purchase.
Other useful features on the sites include a payment calculator and an option to get email reminders when payments are due.
