People who use buy now, pay later service Klarna have been issued a warning that their debts will start being reported to credit agencies from next month.
From June 1, the company will report customer purchases paid on time, late payments and unpaid purchases for "pay in 30" and "pay in three" orders to Experian and TransUnion.
According to Klarna, this will help protect consumers and give greater visibility to buy now pay later (BNPL) use, which it claims will help improve affordability assessments.
