Four in five U.S. Consumers use Buy Now, Pay Later on everything from clothing to cleaning supplies, according to Experian. And most shoppers say Buy Now, Pay Later could replace their traditional payment method, like credit cards. However, consumer advocates say the surge in use, the lack of transparency, and little regulation can leave people wondering how much debt Americans are actually getting into. Harry Abrahamsen, Financial Advisor and CEO of Abrahamsen Financial Group, joins Cheddar to discuss the risks these services have on households and how to avoid getting into debt.