Does Klarna perform a credit check on me, and will this affect my credit score?
As a responsible lender, we want to make sure we’re helping our customers make the right financial decisions for their circumstances. When a credit check is performed, we verify your identity using the details you provided and we look at information from your credit report to understand your financial behaviour and evaluate your creditworthiness.
Depending on the payment method or service you choose, we may perform different types of searches to check your financial standing. You can find an overview of the credit checks we run for our payment options and services and whether they impact your credit score below.
Using Klarna will not affect your credit score when:
- Choosing to ‘Pay in 3 instalments’
- Deciding to ‘Pay in 30 days’
- Creating a ‘One-time card’
- Taking out a Covid-19 related payment holiday.
For the above mentioned, we will perform a credit check will not be visible to other lenders and therefore won’t impact your credit score in any way.
Using Klarna might affect your credit score when:
- Applying for one of our Financing options.
- Taking out a standard payment holiday for our Financing options.
If you decide to use Financing, we might perform a credit check with credit reference agencies to complete your credit assessment. This credit check will show up as an inquiry on your credit report, will be visible to other lenders and might impact your credit score.
Our third party credit checks are performed by Transunion & Experian. If you have any questions regarding their services, your credit score or the data provided as part of a credit check we advise you to reach out to them directly.
These checks are performed in accordance with Klarna’s Terms & Conditions.
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