So, layaway plans charge interest?
Layaway plans allow you to take the merchandise away before its paid for?
If a store wants to offer that credit, its their right. It's also their right not to offer that credit. If a person is a credit risk and cannot finance the purchase externally, then why does it make sense for the store to do so, and end up with used merchandise on its hands?
I suspect few layaway plans operate the way you describe.
Yes. And monetary penalties if you cancel your lay away.
I suspect few layaway plans operate the way you describe.
Then you're not familiar with the lay away plan as I suspected.
then why does it make sense for the store to do so, and end up with used merchandise on its hands?
Why are there repossessions of cars and foreclosures on homes, they end up with used merchandise on their hands.