Data Snapshot

The Option To Use BNPL Is Especially Attractive To Those With Lower Credit Scores

April 29th, 2022
Alyson Clarke, Principal Analyst
Alyson Clarke Principal Analyst
Nicole Murgia, Senior Researcher
Nicole Murgia Senior Researcher
With contributors:
David Hoffman , Lily Varon , Hailey Colin , Jen Barton

Among US online adults who use “buy now, pay later” (BNPL), 18% of those with “fair” credit scores and 16% of those with “poor” credit have used either Affirm, Afterpay, Klarna, or Pay in 4 (with PayPal) in the past three months to make a purchase. Among US consumers with higher credit scores, use of these services is lower: only 6% of US online adults with an “excellent” credit score have used BNPL in the last three months to make a purchase. This report provides a snapshot of Forrester’s data on the adoption of “buy now, pay later” (BNPL) solutions across credit score ratings.

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