Klarna is committed to being a fair and responsible lender, with transparent communications to consumers. Our products are about choice, and offer customers the option to defer payment if they wish – ideal for one-off or unplanned purchases.
We run background checks on customers wishing to use our products, and only offer credit to those who are eligible. This allows us to assess your ability to manage repayments under our credit agreement.
Pay later is dependent on a soft credit check, a customer’s previous credit history, and the customer’s age, along with several other factors, including at what time they place their order.
A soft credit check does not affect your credit score/rating and is strictly between you and us; this is not visible to other lenders.
There are no interest fees, surcharges or late payment penalties with Pay later in the UK. However, non-payment will affect your credit score.
Slice it is dependent on a full credit check, a customer’s previous credit history, an affordability assessment, their age and several other factors, including at what time they placed their order. This credit check can influence a consumer’s credit rating.
There are several UK organisations that provide help and advice for customers worried about money management:
Citizens’ Advice Bureau
National Debt Line
Consumer Credit Counselling Service
Money Advice Trust
Money Advice Service