Americans Are Buying Now And Paying Later More Often. Many Households Now Have Bills Topping $500 a Month.

Source: International Business Times

A customer pays by credit card at Lorenzo's Italian Market in Miami, Florida, on May 20, 2009. Buy Now, Pay Later services are becoming increasingly common among American households, with some making monthly repayments exceeding $500. Getty Images Nearly one in five households using buy now, pay later methods made a repayment exceeding $500 in September as installment financing becomes an increasingly common part of Americans' monthly spending.