Buy Now, Pay Later defaults rise to 47% in US

A recent analysis shows that 47% of Buy Now, Pay Later (BNPL) users in the United States were late on their payments over the past year. This represents a six‑point increase from 2025 levels and a thirteen‑point rise over the last two years. The surge is most pronounced among high‑income borrowers, young adults, men, and parents. The growing delinquency rate raises concerns about the stability of the BNPL sector and potential regulatory scrutiny.