- Station Info
- Featured on 4
El Paso, TX (BBB) — Many retailers have begun to roll out their holiday layaway plans. Some are even offering additional incentives, such as cutting fees and increasing the number of items eligible for layaway.
Better Business Bureau serving El Paso wants to remind consumers to fully understand the policies associated with a store’s layaway contract to avoid surprise charges or fees.
According to the National Retail Federation’s Monthly Consumer Survey conducted in October, 6.9 percent of consumers were using layaway services to purchase holiday items. Layaway services are an alternative to using a credit card for the full purchase.
When purchasing items on layaway, the buyer will make a deposit, usually a percentage of the purchase price, and pay any service or plan fees for the store to hold the item.
The customer is then given a time frame where they can make payments and eventually pay off the balance.Once paid, the customer can take the items home.
Not to anyone’s surprise, layaway services have evolved on the Internet. Available systems allow customers to pay for products with monthly installments directly debited from their checking accounts. Online layaway also saves you the hassle of dealing with long lines at retail stores.
For consumers considering a layaway plan, BBB advises:
801 N. Oregon, El Paso, Texas 79902 • (915) 532-5421 • firstname.lastname@example.org
Copyright © 2014 Titan TV Broadcast Group. All Rights Reserved