Rent now, pay later offers renters a little more power — at a price

The first of the month can create anxiety for millions of renters across America.

For Chauncy Williams, a school career counselor, it meant struggling to pay rent when his wife lost her insurance job a few years ago. The couple shares a two-bedroom apartment in Muskegon, Michigan.

To help make payments on time, Williams turned to a rent-splitting service – one of the many “rent now, pay later” companies that let Americans pay their rent in installments.

“(It helps) when a rainy day comes up, a $2,000 emergency comes up,” Williams told CNN. “A lot of times people live check to check, and

→ Continue reading at CNN - Business News

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