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  • #280 BBB 10-29-09 99

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    bmoak
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    The document provides tips from the Better Business Bureau about online layaway plans. It outlines two types of layaway plans - traditional plans where consumers make payments directly to retailers, and contemporary plans where a layaway company collects consumer payments for retailers. The BBB warns consumers to understand the terms, cancellation options, and reputation of any layaway company before agreeing to a plan.

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    The document provides tips from the Better Business Bureau about online layaway plans. It outlines two types of layaway plans - traditional plans where consumers make payments directly to retailers, and contemporary plans where a layaway company collects consumer payments for retailers. The BBB warns consumers to understand the terms, cancellation options, and reputation of any layaway company before agreeing to a plan.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    14 views1 page

    #280 BBB 10-29-09 99

    Uploaded by

    bmoak
    The document provides tips from the Better Business Bureau about online layaway plans. It outlines two types of layaway plans - traditional plans where consumers make payments directly to retailers, and contemporary plans where a layaway company collects consumer payments for retailers. The BBB warns consumers to understand the terms, cancellation options, and reputation of any layaway company before agreeing to a plan.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    MAGNOLIA

    CLIPPING SERVICE
    16(1) 856-0911 I 1205) 75lh'!610
    WOODVILLE REPUBLICAN

    WOODVILLE. MS

    Circwanon'" 2550
    WEEKLY
    1010812009
    mnlllllllllU\'1111111111 mill

    BBB Publishes Warning


    A~out Layaway Plans
    \Vith tile acivent of online • Contemporary layaway • Understand the terms
    layaway plan3, the. Bstt!~r plans involve a layaway of the plan. Know about
    Bn~3 Bureau (BBB) company to act as middle~ time allowed to make pay­
    Serving :\.lississippi urges man between the l.."Onsumer ments, minimum payment
    consumer's to be cautious and the retailer. These OOID­ requirements~ any service
    when agreeing to buy any~ panies collect payments fees and penalties for late or
    thing on a la}'away plan. from consumers fur retailers missed payments.
    There are currently two and then have purchased • ~iew the cancellation I
    typ€S of layaway plans: items delivered upon full options. r. any refund avail·
    • Traditional layaway payment. able (full or portia!)? Are
    plans allow consumers to "Online layaway services there cancellation fees? How
    buy merchandise by making have the same basic struc­ are refunds paid?
    regular installment pay~ ture, although they may aC­ • Reputation of the busi·'
    ments Lo retailers and then tually operate differently: ness. Online companies canl
    receiving the merchandise said Bill Moak, be more difficult to evaIuate
    only when full payment is President/CEO of the Mis­ than real-life ones. Check
    made. sissippi BBB. "'Nowadays, them out with the BBB onJ
    you can pay for anything line at www.ms.bbb.orgor by
    from furniture to vacations calling the 24 Hour Auto­
    to planned surgery with a mated Response Line (800­
    layaway program." 987-8280). .
    Here is how online lay-=--~
    aways are structured: I
    • Online retailers post
    items for sale and con­
    sumers make their selec­
    tions.
    • Online layaway firms
    allow consumers to set up a
    payment plan to cover the
    cost of the p'un:hase.
    • Consumers make
    agreed upon payments to
    the layaway firms.
    • Upon pa;yment in full, ,
    ·the·1,,~£l'Ull ~ .
    the ~.n·the re!ai1l'r,
    and nas'the' retailer ship 'I'

    purchased itams directly ta


    consumers.
    BBB tips to consider be­
    fore agreeing to a layaway
    plan:

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