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New way for Kmart customers to finance purchases

Updated: 11/28/2013 1:39 AM
Created: 11/28/2013 1:38 AM WHEC.com

If you find you're a little short on cash this holiday season, Kmart is offering a rent-to-own finance program.
 
It's an alternative to the traditional lay-away plan and now available nationwide and year round on merchandise priced at 150-dollars or more. The 600-thousand products in the program include electronics, sporting equipment, home appliances and toys. Shoppers will make their first lease payment at the store, followed by monthly or bi-weekly payments.
 
The initial contract is five months, and after that, shoppers can buy out the contract, return the item or continue the lease for another 13 months.
 
To qualify, shoppers must earn at least 1-thousand dollars a month, be 18 or older and have a social security number.



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