HOUSTON, Texas (KTRK) -- As holiday shopping continues, you may want to look into what is being called 'reverse layaway.'
The concept is simple: buy now and pay later. A variety of brands have implemented companies such as Afterpay, Affirm, Klarna, and Quadpay as payment options.
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If you choose to use them, you get the item up front without paying interest. You also make four payments over the course of 6 to 8 weeks to pay off the balance.
Keep in mind, if you miss a payment, you'll get charged late fees immediately and you do take the risk of affecting your credit score.
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