Walmart has chosen to discontinue offering their layaway program for the holidays this year! I have never personally used their layaway, but I know so many that have relied on it over the years! It’s very sad that they have chosen to do away with it. It was nice that they allowed people to pay over time without the worry of fees and interest.
They have replaced it this year with a loan type program.
“Instead of layaway, Walmart is shifting to a program called “Affirm.” Billed as an alternative to layaway, Affirm allows people to purchase their items immediately and pay over time in a span of three to 24 months. The process requires customers to apply for a loan to pay for their items and while no late, prepayment or annual fees are charged, customers do pay interest ranging from 10% to 30%.”
“Items eligible for Affirm include electronics, video games, toys, home goods, musical instruments, home improvement, tools, baby items, jewelry and more.”