Shoppers turning to layaway plans to buy gifts this holiday season are being urged to read the fine print.
Layaway plans can be a good option for picking up that must-have holiday gift. However, Ran Hoth with the Wisconsin Better Business Bureau says shoppers should get some basic questions answered first.
He says it’s important to find out if there are extra fees associated with a layway plan, the terms of the payment plan, what happens if you miss a payment, and if it’s possible to get out of an agreement if you need to.
Above all else, Hoth says it’s important to get the terms of a layaway deal in writing.
Hoth says layaway can be appealing for shoppers who want to avoid using credit cards for gift buying, especially with cash tight for many families this year.
Andrew Beckett reports (:59)
