Walmart bringing back layaway plans

Just in time for the holiday season, Walmart has announced it is bringing back its layaway plan.

Beginning October 17, stores across the nation, including here in Amarillo, will start the Christmas Layaway program.

According to their website, the program is limited to toys and electronics that cost at least $15 each, with a total minimum purchase of $50.

You have to put down at least 10 percent of the total to participate in the layaway plan, and you will be charged a non-refundable $5 service fee.

Here's a couple of other stipulations:

All items on layaway must be in-store purchases.

Christmas layaway will not be offered on November 25 (black friday).

Cell phones that require a contract are not eligible for layaway.

So how does it work? Just go to your local Walmart and load up your cart with eligible items. Take those to the desk to register. That's where you will also pick up your items once they are paid off.

You can make payments at any register in your Wal-mart store.

Items on layaway must be paid for and picked up by December 16. If you can't pay or don't pick up your order by then, you could be hit with another $10 fee.

Company officials said the program's return is thanks in part to the millions of Wal-mart's facebook fans, who expressed desire for the program.

What do you think about holiday layaway programs? Will you be using layaway programs for holiday shopping this year?