Layaway Plans are sometimes reasonable options, when there is a tight budget or the goods are not needed immediately.

An extended period to complete payment is given but interest is not charged since it is not a credit.

Proper record of payments should be kept. It should include:

• Description of goods, date, when order was made.
• Layaway price and layaway number.
• Amount deposited and record of subsequent payments.
• Date of last payment.

Penalty for late payments should be clearly stated as well as requirements for cancellations.

The stated purchase price of goods on layaway should not be changed. The price should remain the same throughout the specified period.

The safety and condition of goods on layaway are the responsibility of the trader while in their possession.

If a consumer decided that they no longer want the particular item or fail to stick to the payment plan, the trader is not obligated to refund the money.

The consumer should contact the trader right away, if he/she is no longer able to make payments due to unforeseen circumstances. However, a refund would still be at the trader's discretion.

For further information on other consumer-related matters, please contact Prices and Consumer Affairs Division

Cecil George-John Building
Redcliffe Street & Corn Alley
Telephone 462-4347 or 562-2732/3.