The Klarna information page and FAQs carry the following warnings:
• “Borrowing more than you can afford could seriously affect your financial status.
Make sure you can afford your monthly repayments on time. Please spend
responsibly.”
• Klarna’s Pay in 3 and Pay in 30 days are described as unregulated credit
agreements which may negatively impact financial status and ability to obtain credit
if repayments are missed. • Missed payments may be reported to credit reference agencies, making it more
difficult or expensive to access future credit and may result in referral to a debt
collection agency acting for Klarna.
The pages stress that T&Cs and late fees are determined solely by Klarna, and that Klarna is
available only to UK residents aged 18+ and subject to status.
Tags: affordability warning, unregulated credit, credit reference agencies, debt collection,
18+ UK