Just 4 Mortgages
Can Klarna Affect My Credit Report?
Guide
Klarna is becoming more and more popular but how does this affect my credit score?
Klarna is a form of credit due to them allowing you pay by buy now pay later, pay in 3 and pay in 30 days and therefore this does show on your credit report and will flag up on lenders hard searches. Every time you use Klarna this will show on your report as a new agreement so it is important to remember this when using Klarna to purchase smaller items.
Klarna repayments can be considered as a monthly outgoing and therefore a lender will take this into account when calculating your affordability and how much you could borrow with them. It is possible to use Klarna without negatively impacting your credit score by ensuring you only purchase what you can afford to pay, Keeping note of your upcoming payments to prevent them being missed, try to only use Klarna for necessary purchases rather than multiple little one.
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Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage. The guidance and/or advice contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK. There will be a fee for mortgage advice. The precise amount will depend upon your circumstances but a typical fee will be £494