If you use Klarna to buy products but pay later, then make sure you keep on top of those payments. Soon, missing a repayment could harm your credit score.
Klarna, a lending service that allows shoppers to pay for goods from the likes of Asos and Misguided in installments, has confirmed it will begin reporting to UK credit reference agencies from June. Klarna says it will protect customers and help them build good credit scores, as long as they pay what they owe.
Alex Marsh, head of Klarna UK, said: “It is alarming that UK consumers are still being forced to take out high cost credit cards to demonstrate they can use credit responsibly and build their credit profile.
