One installment loan company has 1.5 million customers who send $2 billion per month in rent through its system.
Renters can split monthly rent payments using BNPL-style services, but fees and finance charges can add up and may cost more than using a credit card.
The shift in rental housing payments reflects a broader transformation playing out across every recurring-revenue business.
Consumer advocates warn the services typically function like short-term loans, with high fees and interest rates ...
Buy now, pay later’ is a form of debt — but it doesn’t feel like it. Now consumers are playing with fire (and their housing security) by using it for recurring expenses.
Monthly rent payments often consume a significant portion of household income, with many Americans spending more than 30 percent of their earnings on housing costs. As rental prices continue to climb, ...
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