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While buy-now-pay-later giant Klarna gains momentum in the world’s largest economy, there are warning signs Americans are ...
Klarna continued to count more losses as its consumers failed to repay loans. In its first quarter, the Swedish “buy now, pay ...
Klarna, the Swedish “buy now, pay later” fintech company, used an AI-generated version of its CEO to deliver bad news about customer loan repayment rates. According to the press release, which was ...
The Swedish fintech has been trying to shift its image from “buy now, pay later” poster child to a more all-encompassing ...
Klarna also stated that customer credit losses have skyrocketed to $136 million (£101.27 million), equivalent to a 17% ...
Increased use of “buy now, pay later” loans may signal shifting consumer habits, but could also be a troubling sign of ...
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Buy now, pay later app Klarna sees losses as users default on loans | Morning in AmericaKlarna, an app that allows users to pay for online orders in installments, has seen its losses double as users fail to repay their loans. Erin McLaughlin, senior economist at the Conference Board, ...
An increase in deferred pay-later loans has raised alarms, as the Trump administration seeks to gut the agency tasked with ...
More recently, delinquent consumer debt in the U.S. hit a five-year high as the Trump administration restarted collections on student loan payments in default. Amid the uncertainty, Klarna says it ...
Complaints filed by New York State residents with the Consumer Financial Protection Bureau over the past three years include ...
BNPL products are interest-free loans that allow people to ... It's a debit card by default, but users can also toggle to one of Klarna's "pay later" products, including "Pay in 4" and "Pay ...
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