Rent-to-own, on the other hand, has grown into an $8.5 billion industry, focused primarily on big-ticket purchases like furniture, appliances, and electronics. When comparing buy now, pay later ...

Buy now, pay later sales on Cyber Monday are expected to reach $993 million, driven in part by mobile shopping trends.

An estimated 60% of Americans have used a buy now, pay later service at least once to make purchases online or in a store.

The 0% interest on many buy now, pay later plans is appealing to cash-strapped holiday shoppers. But nonpayment ends up on ...