Layaway options save money for holiday shoppers

8:42 PM, Oct 28, 2013   |    comments
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MINNEAPOLIS - At one time, layaway was a very popular option that allowed customers to purchase big ticket items by putting the item on hold and then making payments until the item is purchased in full.

Eventually, credit cards dethroned cash and layaway was nearly laid to rest, but not at Kmart.

"You choose your merchandise, we put it aside and save it for you until it's paid and you take it home," explained Kmart's Mark Schimmel.

For some, it's an ideal way to holiday shop. There is no up-front fee, no credit check, no interest, just cash paid over time to an eventual purchase.

"We try to keep it simple, so more people use it and its hassle free," explained Schimmel.

Kmart's not the only one to offer a fee-free layaway just in time for the holidays. Sears has a similar offer.

Additionally, Babies R Us, Toys R Us and Walmart all offer free layaway programs for the holidays.

Marshall's and Burlington Coat Factory have offers as well, but the rules are dependent on the store and what is being purchased.

For more information, go to these store websites:

(Copyright 2013 by KARE. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

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