Balance Parcels and Layaway Plans
Layaway is a handy way of obtaining goods at the cash price even though you cannot pay the full amount right away
How does a layaway plan works?
- You pay a deposit stipulated by the store’s policy
- The seller removes the item from display and puts it aside for you.
- You receive the items only when you’ve paid the full cost. Until that time the seller retains ownership of the product.
Layaway Payment can vary. Consumers can make:
- Regular fixed payments e.g. weekly or monthly
- Irregular payments whenever you have the money within the agreed layaway period.
- One lump sum payment at the end of the layaway period.
Consumers! Be sure to confirm with the seller how you intend to pay off your balances. Remember you don’t have to pay more than the original price for the goods. In some cases storage fees can be charged for items that are large or need special storing. Enquire if there are additional fees for this.
If you do not complete your payment within the agreed period, you may lose your item, as well as any down payments you may have made. Remember to collect a receipt for each payment made and keep it safely. It is your only proof of purchase
Remember, the power is yours!
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