Originally Posted by MTS
From the article:
"The program, which has a minimum layaway purchase of $50, "
So you wouldn't be able to just do the one $15 toy.
(And the $5 fee on only a $50 layaway actually works out to an annualized interest rate of 60%. ;-)
I'm sure, though, that no one is thinking that way.)
Many will be very grateful for the availability of the service.
And I'm sure it will be used for more flat screen TV's than toys. ;-)
I am glad they are bringing back layaway, but I wish it didn't have so many restrictions on it. I am not fond of Kmart, but I do use their layaway quite often. No minimum purchase there, but the same $5.00 fee and $10 cancellation fee.
And yep, I will probably put flat screen on layaway for hubby.:mrgreen: DD's TV tore up and we gave them one of ours.