That gorgeous cashmere sweater you got your mother for Christmas may have left you starting the New Year with a credit card bill that is accruing a nasty amount of interest. Not such a fun way to end the festive holiday season! What can you do to avoid digging yourself into debt buying gifts for your friends and family? Take our quiz and learn about an alternative credit option: layaway.
Question 1 of 10
How much does the average American spend on holiday shopping?
Question 2 of 10
What is the best way to avoid overspending during the holiday season?
Question 3 of 10
When was the concept of layaway introduced to the market?
Question 4 of 10
Why did the layaway system fall out of fashion?
Question 5 of 10
Why have stores revived the layaway system?
Question 6 of 10
What happens to your credit score if you default on your layaway payment?
Question 7 of 10
How much do Americans spend on credit card purchases?
Question 8 of 10
What is the major disadvantage of the layaway system?
Question 9 of 10
Which company is a corporate leader in the layaway revival?
Question 10 of 10