The percentage of Affirm's loans that are at least 30 days past due their original payment date increased in the third quarter of 2023. This was an increase of 0.4 percentage point for the U.S. BNPL company when compared to the same quarter in 2022, but still lower than previous peaks, such as in 2020. Nevertheless, these figures are lower than the aggregated credit card delinquency rate for the United States. Why this is the case, is not exactly clear. Industry analysts believe the lower amounts and shorter timeframe of BNPL payments may lower delinquency. Others argue that paying off such payments, first, may impact the ability to pay back larger transactions performed with a credit card.
BNPL (buy now, pay later) delinquency rate of Affirm from 3rd quarter 2017 to 3rd quarter 2023, by stage
(30, 60 and 90 days past due)
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Website (Affirm). (November 8, 2023). BNPL (buy now, pay later) delinquency rate of Affirm from 3rd quarter 2017 to 3rd quarter 2023, by stage (30, 60 and 90 days past due) [Graph]. In Statista. Retrieved October 05, 2024, from https://www.statista.com/statistics/1445174/affirm-delinquency-rates/
Website (Affirm). "BNPL (buy now, pay later) delinquency rate of Affirm from 3rd quarter 2017 to 3rd quarter 2023, by stage (30, 60 and 90 days past due)." Chart. November 8, 2023. Statista. Accessed October 05, 2024. https://www.statista.com/statistics/1445174/affirm-delinquency-rates/
Website (Affirm). (2023). BNPL (buy now, pay later) delinquency rate of Affirm from 3rd quarter 2017 to 3rd quarter 2023, by stage (30, 60 and 90 days past due). Statista. Statista Inc.. Accessed: October 05, 2024. https://www.statista.com/statistics/1445174/affirm-delinquency-rates/
Website (Affirm). "Bnpl (Buy Now, Pay Later) Delinquency Rate of Affirm from 3rd Quarter 2017 to 3rd Quarter 2023, by Stage (30, 60 and 90 Days past Due)." Statista, Statista Inc., 8 Nov 2023, https://www.statista.com/statistics/1445174/affirm-delinquency-rates/
Website (Affirm), BNPL (buy now, pay later) delinquency rate of Affirm from 3rd quarter 2017 to 3rd quarter 2023, by stage (30, 60 and 90 days past due) Statista, https://www.statista.com/statistics/1445174/affirm-delinquency-rates/ (last visited October 05, 2024)
BNPL (buy now, pay later) delinquency rate of Affirm from 3rd quarter 2017 to 3rd quarter 2023, by stage (30, 60 and 90 days past due) [Graph], Website (Affirm), November 8, 2023. [Online]. Available: https://www.statista.com/statistics/1445174/affirm-delinquency-rates/