More shoppers are looking to use Buy Now, Pay Later for holidays, survey says

Core Insights - A significant increase in the acceptance of Buy Now, Pay Later (BNPL) loans is observed, particularly as the holiday shopping season approaches, with 60% of surveyed participants feeling more financial stress [1][2] - Approximately 80% of shoppers who have used or considered BNPL are open to utilizing it for holiday shopping this year, indicating its mainstream adoption [2] Summary by Sections BNPL Overview - BNPL loans allow consumers to pay for purchases in installments, typically with little to no interest, no hard credit checks, and quick approval [3] - Various services such as Affirm, Klarna, Afterpay, and PayPal provide BNPL options during online checkouts, with flexibility in payment terms [4] Consumer Behavior - Younger generations, particularly Gen Z and Millennials, are the primary users of BNPL, with about 10% of each generation utilizing these loans [7] - The convenience of BNPL is appealing to consumers, especially those experiencing financial stress [8] Credit Reporting - Starting in fall 2025, FICO will include BNPL loans in credit scores, although not all providers are required to report this activity [5]