Sears offers new payment option

Hoffman Estates, Ill. Sears today announced a new payment option to its existing suite of financing solutions: the Sears Monthly Payment Plan.

The new plan offers a more controlled form of borrowing for shoppers who want to avoid unexpected finance charges. With a low APR and a fixed monthly payment over 48 months, the Sears Monthly Payment Plan allows shoppers to buy what they need and still manage within their budget.

"We recognize the importance of offering customers a wide selection of payment options at the checkout," said Susan Ehrlich, president, Financial Services, Sears Holdings. "Our customers are still very mindful of how they are managing their spending and continue to look for ways to maximize their budgets. The monthly payment plan is a smart shopping solution that makes it more affordable for customers to pay for large purchases."

Sears will launch a national marketing campaign through this holiday season to raise awareness of this new offering, including placement in circular advertising and a television commercial.