Okay, I ordered my dress from David's Bridal (In Madison, WI) this past Sunday, the 18th. I did the SOR layaway so I have 60 days to pay the dress after I put 25% down on Sunday. I'm realizing that I'm not able to pay for it all in 60 days so I reviewed the contract that they gave me. It says
"Forfeiture fee: I understand that upon termination of the SOR layaway contract due to nonpayment or cancellation (after 10 calendar days from the SOR creation date, excluding Sundays and mail holidays), a forfeiture/cancellation fee equal to 10% of the value of the merchandise will be deducted from the deposit and the payments made on my SOR layaway purchase, unless state law requires otherwise. The remaining balance will be issued in a store merchandise credit, unless state law requires otherwise. The layaway brochure I received contains a list of the State Exceptions to this policy."
So my understanding after reading this is that after 10 days, if I cancel my order, I will be (cont.)