Beware Of Holiday Layaway Plans
With the economy in a slump, holiday shoppers will be turning to layaway plansin record numbers this year. They’re being offered at big retailers, like Walmart, Best Buy and Toys R Us. Though layaway sounds like a great idea in theory, it might not be the best option. Let us explain: Layaway is an installment purchase plan. The buyer pays a percentage of the purchase price as a down payment, and then makes weekly deposits....