CHART: Layaway programs at different stores
November 1, 2011 | 6:11 p.m. CDTWalmart reintroduced its Christmas layaway program on Sept. 8 after a five-year break. The program started on Oct. 17 and will run through Dec. 16. Generally speaking, a layaway program is one that requires the customers to put down a certain amount of the total purchase plus a service fee to put an item on layaway. From then on, the customers can pay off the rest whenever they want within a certain period of time. If they wish to cancel, a cancellation fee applies. Layaway programs are popular during holiday times because of the holiday cash strain and high credit card interest.