Whatever happened to "layaway"?

Published by: admin 2009-01-07

My parents used to buy everything on "layaway" when I was a kid. Are there any stores at all that do this today? lol.

I know Wal-Mart did away with their layaway program because it was taking up space in the receiving area and they were not making any real profit off of it because customers did not pay any interest or anything extra, so then they just did away with that and started pushing the credit cards because they were getting interest off that.

YHOO - Wal-Mart creates online shopping lists for kids and draws ::
I know layaway is a tremendous convenience for peoplebut whatever happened to just setting the money aside. It doesn't take any longer to save it on your
http://yhoo.bloggingstocks.com/2006/10/16/wal-mart-creates-online-shoping-lists-and-draws-fire/7HOME

Economy Fitful, Americans Start to Pay as They Go - Readers ::
Feb 5, 2008 Whatever happened to living well yet living well within your means? — An Internist, Eugene , Oregon. Recommend Recommended by 11 Readers
http://community.nytimes.com/article/comments/2008/02/05/business/05spend.html?s=1&pg=2HOME

I do not know of any place that still does layaway, but I know some stores that sell furniture and things such as that do 90 days same as cash.

WMT - Wal-Mart creates online shopping lists for kids and draws ::
The excuse for cutting out the layaway was that it wasn't profitable for Whatever happened to the former nun Walmart hired this summer to spiffy up
http://wmt.bloggingstocks.com/2006/10/16/wal-mart-creates-online-shoping-lists-and-draws-fire/2HOME

moneygurumichelle.com » Blog Archive » Saving Money the Old ::
Whatever happened to the old fashion way of saving money by not spending a lot on your normal purchases? You forgot about good ol’ fashioned layaway! :)
http://moneygurumichelle.com/?p=10HOME

The credit card. Those companies would rather you pay the store, and take the risk of you not paying them = for a small fee, of course!

Layaway is back in style for cash-strapped shoppers | www ::
Paul Gourley, a soft-lines manager at the Donelson Pike Kmart, said more space was allocated for layaway this year — the first time that's happened in his
http://www.tennessean.com/article/20081116/BUSINESS01/811160358HOME

ConsumerAffairs.com Computer News::
A Bleak Holiday for Computer Layaway Victims Restitution for Financing .. Or Not Whatever happened to the promise of inexpensive broadband for all?
http://www.consumeraffairs.com/news_index/computers.htmlHOME

Tons of stores have layaway, the most common one I can think of is Wal-Mart.

Layaway is actually a great way to build your credit. Unfortunately, many people today don't even know what the word means. With the economy the way it is, I have a feeling it may become popular again.

These days its just easier for people to pay for everything they can't afford on their credit cards then scream bankruptcy so they can get out of paying for it all. It's the American way, don't ya know it?