does anyone still use layaway 
as of 2021 there are still some companies that offer layaway programs though the details vary among them here are eight this military retailer offers three layaway options 6your purchase must be for at least 25 and there is a 15 down payment and nonrefundable 3 processing fee if you cancel the purchase a 5 fee is charged excluded merchandise consists of clearance items computers peripherals and major appliances furniture mattresses exercise equipment and seasonal and outdoor living items and electronics costing 299 and up the service is only available in the store 6owned by the same company these two stores offer the same layaway plan it is not available at every store though so you should check out the online list on the burlington website 7you can put your merchandise on layaway for 30 days there is a down payment of 10 or 20 whichever is greater and a nonrefundable 5 service fee payments can only be made in the store by cash check or credit card and you can pay by installment or in full if you cancel there is a 10 fee ineligible merchandise includes food items wall art rugs lamps and furniture 8big lots has two layaway programs one is called price hold it means that the store will maintain the current price of an item when it is out of stock or when you can t pay for it in full the price will be maintained until either the item is restocked or you have fully paid for it there is no set time limit but the company will require you to notify it when you are within two weeks of paying it off to be sure that it is available for pickup 9 the program is only available in stores that sell furniture a list of which can be found by using the store locator on the big lots website 10the progressive leasing program is a 12 months to ownership offer in california it s three months you may take your merchandise home but you are only leasing it until you pay for it in full to qualify you only need to be 18 years old have a valid social security number or individual taxpayer identification number itin have an open and active checking account and own a credit or debit card there are no application or processing fees your payments will be drawn electronically from your credit or debit card 11you can purchase your product early but it will cost more than the retail price to do so except in california eligible items include sofas love seats sectionals dining sets and mattresses as well as seasonal items such as outdoor patio furniture gazebos umbrellas chairs and more 11some hallmark gold crown stores offer a layaway policy it is only in effect from july through december and the layaway term is up to 90 days there is a 20 down payment the policies can be different at different stores so make sure to check with a sales associate for specifics on fees cancellation possible interest charges etc 12both online and in store layaway plans are offered by kmart and sears which are owned by the same parent company transformco the duration of layaway at the remaining kmart and sears stores is either eight weeks or 12 weeks with the latter only available in the store for items costing 300 or more there is a down payment of 10 and payments must be made every two weeks either online or in the store there is a nonrefundable 5 service fee for eight week items and a 10 service fee for 12 week items 13if you miss a payment you have seven days to catch up after which your layaway plan is canceled and you pay a 10 or 20 cancellation fee depending upon the length of your layaway if you cancel the contract you will get a full refund of any payments made to date except for service and cancellation fees only items that are marked layaway eligible can be purchased with the plan and you can find that label online on the product page 14unfortunately according to reporting by the health website best life kmart is closing most of its stores with only six scheduled to be still operating at the end of 2021 the chicago tribune reported that only 35 sears stores remained in business as of sept 16 2021 their previous parent company sears holdings filed for bankruptcy in 2018 and was acquired by transformco which has been closing stores and selling off assets 15marshalls has a program called elayaway that offers loans through a company called vivaloan same day approval is possible after filling out a seven minute application a 10 down payment is required and there is a nonrefundable 5 service fee installment payments begin within 30 days 16even people with poor credit can get one you only need to be 18 years old with a regular income on time loan payments are reported to credit agencies which can improve your credit score over time 17