Who Uses BNPL Financing?
50 Million US consumers have used BNPL over the last 12 months. A large scale data study by Equifax reveals insights about consumers that apply for BNPL loans.
20%
up to 20% BNPL applicants are new to credit and have no credit file.
4x
more likely than general credit users to be a credit rebuilder with a sub-prime score.
60%
lower household savings and investments. Applicants are younger and less affluent.
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- June 23, 2022 5 Data Nuggets to Boost BNPL Profits 2021 was a breakout year for BNPL in the U.S. BNPL gross merchandise value accelerated to $49 billio [...]
- May 11, 2022 Promoting Consumer Financial Health with BNPL As U.S. consumers continue to migrate their shopping habits toward online merchants and become more [...]
- March 21, 2022 Reduce Buy Now, Pay Later Fraud Risk The boom of BNPL and the fraud that comes with it Everyone is talking about Buy Now, Pay Late [...]
- March 01, 2022 Analysis: How Buy Now, Pay Later can Impact Consumer Credit Scores For our February 10 Market Pulse webinar, we discussed Buy Now, Pay Later and their effect on consum [...]
- February 28, 2022 FICO® and Equifax Answer Your Questions on BNPL We had an overwhelming attendance and response at this month’s Market Pulse webinar on the rising fi [...]
- December 17, 2021 Powering the Energy Market: Your Questions Answered For our December 2 Market Pulse webinar, our panel of experts discussed the current and future state [...]
- December 16, 2021 What to know about Buy Now, Pay Later Buy Now, Pay Later has continued global growth, with U.S. adoption up sharply over the last two year [...]
- December 10, 2021 Podcast: ‘Tis the Season for Buy Now, Pay Later Buy Now, Pay Later (BNPL) financing is soaring in popularity this holiday season. Consumers are usin [...]