The New Credit Model: Why Financially Worry-Free Consumers Still Want Alter­natives To Traditional Credit

Why Even Financially Worry-Free Consumers Use Buy Now, Pay Later Sixty-two percent of financially worry-free consumers familiar with buy now, pay later (BNPL) believe it can help them buy what they want without overspending. PYMNTS’ The New Credit Model, a Sezzle collaboration, surveyed more than 7,000 U.S. consumers to discover why BNPL is so appealing to consumers who have and could use traditional credit but decide not to.
Inside the December Study
  • 40%: Share of financially worry-free consumers who say they do not use credit cards because they encourage them to spend money
  • 62%: Share of financially worry-free consumers familiar with BNPL who believe BNPL will help them buy things they want without overspending
  • 59%: Portion of financially worry-free consumers who say seeing BNPL as a payment option makes them more likely to shop with that retailer

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