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Klarna debts
How your credit rating works!
Do you have Klarna debts? But what exactly does that mean? How debts with Klarna can damage your credit rating and therefore have a negative impact on your later life – that’s what this episode is all about. Ali and Argin also present their favorite payment methods as an alternative to Klarna. So it’s best to watch until the end.
What is Klarna?
Klarna, the popular buy-now-pay-later provider, can be a tempting way for many consumers to split larger purchases and spread payments over a longer period of time. However, dealing with Klarna debt can also have serious consequences for your financial situation and your credit rating. In this blog article, you’ll find out how Klarna debt can affect your credit rating and what alternatives there are to this payment provider.
Klarna debts? - These consequences can arise
If you do not pay Klarna invoices on time, this can have negative consequences for your credit rating. Klarna reports payment delays or outstanding items to Schufa, which can have a direct impact on your Schufa score. The higher your Klarna debts are and the longer you are late with payments, the more this can affect your credit score. A low Schufa score can make it difficult for you to access loans, rental contracts or even mobile phone contracts. Potential lenders or landlords will then see you as a risk and may reject your applications. Even if you settle the debt with Klarna later, the negative entries in your Schufa report can continue to have an effect for years.
What to do with Klarna debts?
If you fall behind with your Klarna payments, it is essential to act quickly and pay the bills as soon as possible. Contact Klarna proactively if you foresee difficulties paying the installments on time. Installment plans or deferrals can often be agreed to alleviate the situation. Also avoid using Klarna in dubious online stores or for the purchase of luxury products. The higher your liabilities with Klarna, the greater the risk to your credit rating. It is therefore best to limit the use of Klarna to really necessary purchases.
What alternatives are there?
Instead of relying on Klarna, there are a number of other payment options that are less of a burden on your credit rating. These include traditional payment methods such as direct debit, bank transfer or credit card. Installment payment offers directly from the retailer can also be a good alternative.
We also recommend the use of credit cards, especially American Express. Although the acceptance of Amex is not yet as widespread in Germany as in other countries, the credit card generally offers better protection against payment defaults. Prepaid credit cards can also be a useful option for keeping your finances under control.
Online store agency eBakery
At first glance, Klarna may seem like a convenient way to finance larger purchases. However, delays in installment payments can have serious consequences for your credit score. So be careful with the use of Klarna and use other, more secure payment options instead. This will help you keep your finances under control in the long term and protect your credit rating. However, if you are an online retailer yourself and still have questions about integrating payment methods into your store, we will be happy to help you as a holistic eCommerce and online store agency. Make an appointment directly here.
Haben Sie Fragen oder brauchen ein individuelles Angebot? Zögern Sie nicht, uns zu kontaktieren.
