News

As BNPL giant Klarna signs on more customers, more could struggle to repay loans in a slowing economy
While buy-now-pay-later giant Klarna gains momentum in the world’s largest economy, there are warning signs Americans are preparing to pull back on spending. The company’s credit losses rose in the ...
Klarna's losses double as more buy now, pay later customers struggle with loans
Klarna's net losses for the first quarter reached $99 million, almost double the $47 million it lost during the same period a ...
Klarna's Downside: Buy Now, Pay Later Users Overspend And Miss Payments
Buy now, pay later provider Klarna took another step toward a U.S. listing last week, reporting progress on its transition ...
Buy now, pay never? Some Klarna users struggle to repay loans as U.S. consumer debt rises
Households owe a record $18.2 trillion in various forms of debt. Many are trying to cut back while leaning on BNPL ...
Why are more shoppers struggling to repay ‘buy now, pay later’ loans?
NEW YORK (AP) — More Klarna customers are having trouble repaying their “buy now, pay later” loans, the short-term lender ...
Buy now, pay later pitfalls: Many consumers aren't paying loans
Klarna's losses double even as buy now, pay later services grow in popularity. Experts have warned that these services can be ...
The Vindicator4d
Shoppers struggle to repay short-term loans
The six largest BNPL providers — Affirm, Afterpay, Klarna, PayPal, Sezzle, and Zip — originated about 277.3 million loans for $33.8 billion in merchandise in 2022, or an amount equal to about ...
CNET on MSN22h
Klarna Launches New BNPL Debit Card That Lets You Finance on the Fly – but There's a Catch
This new debit card will make it easy to select an interest-free BNPL plan at checkout, but there are fees to watch for.
NBC News14d
Buy now, pay never? Some Klarna users struggle to repay loans as U.S. consumer debt rises
Klarna’s customers are having ... hitting $136 million. Industrywide, BNPL borrowers are increasingly falling behind on their loan payments. In a survey conducted by the credit platform ...
Boston Herald13d
Why are more shoppers struggling to repay ‘buy now, pay later’ loans?
The six largest BNPL providers — Affirm, Afterpay, Klarna, PayPal, Sezzle, and Zip — originated about 277.3 million loans for $33.8 billion in merchandise in 2022, or an amount equal to about ...