installment payments

As consumers have turned to these installment payments largely for their convenience, there have long been worries about the long-term viability of the purchasing method and its impact on consumer debt.

Despite an option to draw down the outstanding balance through installment payments, the tax bill had remained untouched as of Wednesday morning, according to a clerk with the county’s assessment and taxation division.

Companies like Afterpay, Affirm, Klarna, and Paypal already offer the service, typically with late fees for missed payments and the option to use a credit card or bank account to make installment payments.

One proposed option would entail installment payments on the principal amount of the debt with total repayment in as many as 12 years, the report said, citing sources.

Heche made only two installment payments before her death.