layaway

Two people engaging in a layaway transaction, with one person smoothly handing a receipt to the other across the counter.

Can Layaway Help Your Credit Rating? The Surprising Answer

Layaway is making a huge comeback this year, as retailers launch their layaway programs earlier than ever and more and more stores offer layaway payment options. For consumers, the primary draw of layaway is the ability to pay for gifts over time. Using layaway is sort of like implementing a forced savings plan for your […]

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A layaway ticket with red text and details including buyer's information, items, prices, and payment schedule hangs prominently against a solid red background.

Layaway: Bad Advice That You Should Ignore

File this one under the “bad financial advice” category. An article that recently ran online from WSOCTV.com suggests that using layaway to pay for goods over time can be more expensive than credit cards. According to the story, “consumer experts say buying on a financial plan doesn’t always make sense. Experts say a typical shopper

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