Layaway Making a Come Back?

[Daydreamer1]

Once I pay my credit cards off, I will keep them active by charging really small amounts, but will not be using them for large purchases ever again. Several friends have come to the same conclusion.

Do you see layaway making a comeback as the preferred method of purchasing, over time?

Do you think credit card companies might find themselves struggling for business?

 

[alaine]

Wow, I haven't heard about Layaway in a long time. My mom used it all the time when I was little. That's usually how she got our Christmas gifts. I suppose with the economy being not so great, people will use it more.

 

[Twiceshy]

Target has always had layaway, so I imagine more online stores, especially small or one person operations, will start getting creative and figure out how to use this option effectively, with their online sales.

 

[heretoday]

Recently I read somewhere that reliable old Kmart is bringing back their old lay away program. It used to be terrific for getting stuff for the kids before the start of the school year. And no interest!

 

[Taggart]

I hadn't heard of it lately, but I guess it makes sense in this economy.

What did surprise me in the last few weeks was hearing that Canadian Tire stores will be ending their online shopping.

Can you think of any other stores that are doing that?

 

[Twiceshy]

Layaway might be here to stay as the credit card companies face new regulations that beginning sometime in 2010.

They won't be nearly as willing to give credit as they have been.

 

[heretoday]

We have greatly reduced the number of our credit cards to just a couple of ones we only use once in awhile. Going cash can be painful, but in the end it's better.
For some reason, Target having layaway escaped my notice! I buy lots of things at Target, and that's a good resource to have.

 

[Kitten]

I don't know nearly as many people that use layaway any more. I know it's still around, but I don't see it making a popular "comeback" so to speak.

 

[chocoguy]

I’m not even familiar with that word. This is the first time that I have encountered that word.

What does it mean?

 

[katharina]

I’m not even familiar with that word. This is the first time that I have encountered that word.

What does it mean?

It's when you can put the items you want to buy in a store on "hold" so to speak and just pay as much on them a week or month as you are able. When you pay the last payment, you take your merchandise with you.