This payment plan requires 25% down to open the layaway account, and then a monthly payment of at least 1/6 the remaining balance. If a payment is not received during the month, a $25 late fee will be assessed. If two successive monthly payment are missed, the item will be returned to stock and no refunds will be given. No cash refunds will be given after 30 days from purchase date. The balance is due (paid in full) 6 months from date of purchase. If balance is not paid within 6 months, retroactive financing charges will be assessed at 2.17% per month (26% annual percentage rate) and monthly finance charges will be assessed on the balance thereafter.