Buy Now, Pay Later services are being used by more Americans for essential items. A significant portion of borrowers have multiple loans at the same time, with over 60 percent having simultaneous loans.

Research from the Consumer Financial Protection Bureau and a poll from Data For Progress provide insight into the usage of these services. The poll found that 46 percent of shoppers use Buy Now, Pay Later for necessities like groceries.

Further details on the trend and research findings are available from the source, offering a closer look at the growing use of Buy Now, Pay Later services for everyday items.