![New Payment Plan Is Coming to Walmart Just Before the Holidays](http://townsquare.media/site/182/files/2021/09/attachment-Justin-Sullivan-Getty-Images.jpg?w=630&h=420&zc=1&s=0&a=t&q=89&w=980&q=75)
New Payment Plan Is Coming to Walmart Just Before the Holidays
So many families in the Ark-La-Tex rely on the layaway options that retail giants offer. In case you're not familiar with how layaway works it's quite simple. You shop and then you let the store hold all the items until you can come back and pay for the items.
For some families in the Ark-La-Tex, this is the only way they can handle the stress and financial burden of Christmas shopping. Walmart just announced a huge change that may throw a wrench in several shoppers' plans.
Walmart announced that it will quit offering layaway plans and instead steer shoppers to use Affirm. Think of Affirm as the "buy now, pay later" option. The way it works is you're basically getting a loan from a third party. You will get a monthly bill until you pay it off in full.
You don't have to shop at the store to be able to use Affirm. You can shop online and click the Affirm option at checkout. Depending on how much you spend you can anticipate financing your purchases anywhere from 3 to 24 months. What you need to know, you'll be paying for the products and then some. This almost feels criminal, in some cases, the interest will be as hefty as 30%. However, there are no late fees.
Here are the items you can purchase through affirm:
- Electronics
- Video Games
- Toys
- Home
- Arts & Crafts
- Musical Instruments
- Home Improvement
- Auto
- Sports & Outdoors
- Tools
- Baby
- Jewelry
- Apparel
If you plan to use Affirm make sure you read all the fine print. You can click here for more information.
50 Most Popular Chain Restaurants in America
LOOK: 15 Discontinued McDonald's Menu Items
Read More: The 10 Most Common Goals Americans Have
More From News Talk 96.5 KPEL
![Vanishing Self-Checkout: Louisiana and Texas May Be Next to Lose the Kiosks](http://townsquare.media/site/29/files/2022/10/attachment-thumbnail_IMG_5808.jpg?w=980&q=75)
![Texas Grocery Store Voted One of the Worst in the U.S.](http://townsquare.media/site/29/files/2021/04/GettyImages-914880138.jpg?w=980&q=75)
![Alert: Texas Walmart Shoppers Were Overcharged at Self Checkout](http://townsquare.media/site/442/files/2020/07/Walmart.jpg?w=980&q=75)
![Lafayette Police Seek Public’s Help in Identifying iPad Theft Suspect](http://townsquare.media/site/36/files/2024/07/attachment-Untitled-design-2024-07-15T194605.280.jpg?w=980&q=75)
![Alleged Donald Trump Shooter Spotted Nearly 30 Minutes Before Shots Fired](http://townsquare.media/site/36/files/2024/07/attachment-GettyImages-2161431349.jpg?w=980&q=75)
![WATCH: Would This Viral ‘Texas Gumbo’ Pass a South Louisiana Inspection?](http://townsquare.media/site/36/files/2023/12/attachment-Texas-Gumbo-Pepper-Belly-Pete.jpg?w=980&q=75)
![Breaux Bridge Man Drowns After Car Plunges into Pond](http://townsquare.media/site/36/files/2024/07/attachment-Untitled-design-16-copy.jpg?w=980&q=75)
![Donald Trump Has Made His Vice Presidential Pick](http://townsquare.media/site/36/files/2024/07/attachment-GettyImages-2159730000.jpg?w=980&q=75)
![CHECK IT OUT: You Can Rent This Awesome Tower in New Iberia, Louisiana](http://townsquare.media/site/36/files/2024/07/attachment-new-iberia-airbnb-2.jpg?w=980&q=75)