Many people in the United States are using new apps to pay their rent. These services let renters divide their big monthly payment into smaller parts. This is becoming popular because rent prices are very high. In the last five years, rents increased by 28%. Many families now spend more than 30% of their money on housing. This makes it very hard for them to save money for the future or pay for other important things.

Companies say these apps help people manage their money. However, some experts say these services are expensive. Users must pay monthly fees and extra charges. These costs can be very high, like a loan with high interest. Experts worry that these apps do not fix the problem of expensive homes. They also fear that landlords might raise rent prices because of these apps. In the end, these services might cause more debt for people who already struggle with money.