BBB HOLIDAY SHOPPING WARNING: Layaway Plan May Ending Up Losing - Spokane, North Idaho News & Weather KHQ.com

BBB HOLIDAY SHOPPING WARNING: Layaway Plan May End Up Losing You Money

OFFICIAL PRESS RELEASE: Layaway has become increasingly popular with the challenging economic times. 

However, putting an item on layaway may result in a loss of money or the item if you don't read the contract carefully. The BBB has received hundreds of complaints in the last year from consumers whose layaway purchase did not turn out the way they anticipated.

Consumers mainly place furniture, toys and jewelry on layaway and do so at a variety of stores, including national chain stores, local retail stores and pawn shops.

Some consumers paid money to a store only to have that company go out of business.  While consumers will most likely not know if a company is going to go out of business, they should take care to only do business with reliable companies or make payments with a credit card, which comes with protections (charges can be disputed if the product is not delivered).

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