PROVIDENCE, R.I. (WPRI) — Families across the country are getting ready for the holidays, and some people will be turning to "buy now, pay later" payment options. "Buy now, pay later" is a form of credit that allows a person to pay back their debt in a certain amount of time. "We're seeing about the same level of spending as last year," said Providence College marketing professor Rae Caloura. "It's gone up a little bit, but it's averaging about $1,600 per person, about $3,800 per household." Buy now, pay later programs have grown in popularity in recent years and have become an alternative to credit cards, debit cards, and cash. "You've got to be really thoughtful," Caloura said. In some cases, if a consumer doesn't pay back the debt they have taken out, companies can go through a debt collection agency to get the money back. There also can be interest and fees added on, which depends on the buy now, pay later company. "If you can't afford to buy something now, make sure that you can afford to pay for it later," Caloura said. Close Thanks for signing up! Watch for us in your inbox. Subscribe Now Daily Roundup SIGN UP NOW