Klarna says more customers are falling behind on their buy now, pay later loans as U.S. consumer debt hits a record high.

Klarna's net losses for the first quarter reached $99 million, almost double the $47 million it lost during the same period a year earlier.

While buy-now-pay-later giant Klarna gains momentum in the world’s largest economy, there are warning signs Americans are preparing to pull back on spending. The company’s credit losses rose in the ...

The company’s credit losses rose in the most recent quarter, but a spokesman said it was due to more loan origination, not consumer sentiment. Klarna’s push into the U.S is helping drive ...

The six largest BNPL providers — Affirm, Afterpay, Klarna, PayPal, Sezzle, and Zip — originated about 277.3 million loans for $33.8 billion in merchandise in 2022, or an amount equal to about ...

At least a quarter of BNPL users took out loans to pay for groceries, the survey found, up from 14%. A Klarna spokesperson said the 17% jump in consumer credit losses “doesn’t tell you much ab ...

Complaints filed by New York State residents with the Consumer Financial Protection Bureau over the past three years include ...

NEW YORK (AP) — More Klarna customers are having trouble repaying their “buy now, pay later” loans, the short-term lender said this week. The disclosure corresponded with reports by lending platforms ...

Klarna’s customers are having ... hitting $136 million. Industrywide, BNPL borrowers are increasingly falling behind on their loan payments. In a survey conducted by the credit platform ...