Layaway

Living Without Credit Cards: She Made It Work, and You Can Too

Every time you make a plane reservation or rent a car or pay for concert tickets, you're asked to provide a credit card number. Liz Smiley provides a debit card number instead. Smiley has lived without a credit card for more than four years, and she doesn't miss it a bit.

Toys R Us Waives Fee for Layaway Program

Toys R Us is making it easier for shoppers to use its layaway program ahead of the crucial holiday season, waiving its service fee and minimum purchase requirement beginning Tuesday.

Will the Layaway Revival Come Back to Bite Retailers?

Layaway became obsolete in the bubble years, an anachronism from bygone times when many consumers couldn't access credit. In today's rough economy, layaway is making a comeback for the holidays. But for investors who hold certain retail stocks, this may mean lumps of coal in their portfolios.

Why Walmart Had to Bring Back Layaways

Walmart is struggling to end its declining same store sales, which have faltered over the past nine consecutive quarters. It's no wonder: With massive unemployment, discount retailers have to pull out all the stops to win over new customers, or even retain the ones they have. Re-enter layaways, which Walmart shelved in 2006.

Could Layaway Be Right For You?

This holiday season, layaway is making a comeback at several large retailers. Layaway is the process of buying an item which you leave at the store and pay for over time, often with a one-time service charge but no credit check. It's not a perfect system, but here's why it beats those "no interest/no payments for X months" deals hands-down.

Walmart Brings Back Layaway for the Holidays

Walmart is bringing back something its customers have been asking for since the Great Recession: layaway. The world's largest retailer, which ditched the pay-as-you-go plans in 2006, is rolling out a holiday layaway option from Oct. 17 through Dec. 16.

Is layaway right for you?

Haven't decided how you're going to pay for your gifts this holiday season? Given that credit has become so difficult -- and expensive -- what about...

Black Friday: Layaway starts now

National Layaway Week has already come and gone (Oct 4- Oct 8 according to Kmart, which invented the event), a full seven weeks before Black Friday...

Toys R Us summer fun payment plan

If the recession isn't over for your household, the following may come as welcome news: Toys R Us is expanding its layaway program to include warm...

Sears (re)joins the layaway revival

Nearly two decades after Sears discontinued its layaway plan, the pre-payment service will be available again starting Sunday for customers who want...

Underrated in America: Layaway

Layaway, the practice of paying for products or services in installments before you get them, is getting a lot of attention these days. The Wall...