Layaway Plan Could Cost You

By Amy E. Feldman

PHILADELPHIA (CBS) - It may or may not trouble you to know that there are somewhere around 180 shopping days left until Christmas, so for those big purchases, if you are waaaaaaaayyyy more organized than I am, you may be considering layaway.

If so, you'll want to know about a class action lawsuit filed this month entitled Drake versus Coachella. Nope, not because of the kissing he took from Madonna. Not even that Drake. This Drake was a woman who purchased the $850 tickets and camping pass to the Coachella music festival (gone are the days of Woodstock free love, eh?) on layaway under their layaway policy that clearly states: default on payments will result in cancellation of your order and loss of deposit. When her credit card was cancelled, she missed a payment and was told she forfeited the $600 payments she'd already made. She now argues that's a violation of consumer protection laws.

Before you have to go to a lawyer to prove the policy is against the law, first of all, know what the policy says. And, consider just putting the money into a Christmas fund now so you don't have to worry about forfeiting the money.

And if you're up to holiday buying, my favorite color is blue, FYI.