The Latest Breaking News from Klarna

The fashion brand is not paying buyers back – but big finance firms say they will return cash

Students are turning to payment apps such as Klarna or food banks to make ends meet says NUS.

Calls to regulate the booming “buy now, pay later” (BNPL) industry have not deterred big brands like Apple and Amazon from the idea of offering consumers an interest-free, no-fee way to spread payments for purchases. Apple cited “users’ financial health” when it announced this new feature, but research shows financially…

Apple's Pay Later service comes as competitors like Klarna and Afterpay face scrutiny and lawsuits for leading young customers into debt

People using buy now, pay later schemes will see changes on their credit file.

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UK employees said they were ‘blindsided’ by the Swedish firm’s announcement

Klarna will report late payments and unpaid purchases for "pay in 30" and "pay in three" orders made on, or after, June 1 to both Experian and TransUnion

Shoppers are not spending in the way they were six months ago

Consumers just aren’t spending like they used to, laments CEO and co-founder Sebastian Siemiatkowski.

Companies like Klarna and Afterpay can enable bad spending habits, tank your credit, and lack the consumer protections of genuine credit lenders.