Using Klarna to build up credit history?

es260

My credit history is generally good but I need to have some more recent entries in my file. I find the idea of using my existing credit card for everyday purchases and paying it back quite fiddly and annoying. A home appliance has recently stopped working, so I'm considering buying a new one (approx. £300) using Klarna 3 payment offer. I could buy it outright, but I was thinking that this could be a good time to get more credit history? I am thinking of applying for a mortgage later this year, by which time the debt will have been cleared. Would this help or hinder credit history? 

[Deleted User]

Klarna is generally suited to people who wish to demonstrate they have insufficient income to buy low value items. It's not a great look.

Build your credit history through use of a credit card or three..Paying back shouldn't be fiddly as you can set up a DD.  

jefaz07

Klarna aren’t on any of my files….I’ve used only a few times. So don’t think that this will help. 

fatbelly

es260 said:

My credit history is generally good but I need to have some more recent entries in my file. I find the idea of using my existing credit card for everyday purchases and paying it back quite fiddly and annoying.  I am thinking of applying for a mortgage later this year, by which time the debt will have been cleared. Would this help or hinder credit history? 

Set up a direct debit

Make sure you're on the electoral roll

Ebe_Scrooge

es260 said:

I find the idea of using my existing credit card for everyday purchases and paying it back quite fiddly and annoying.

In what way is it fiddly and annoying?  Use the card, make a payment once a month - or, even better, set up a direct debit for the full amount.  I can't see how anything could be less fiddly than that.  Used correctly (i.e. always paid in full every month), a credit card is probably the simplest way there is to build up a solid history.  And it costs nothing.

es260

Thanks! 
Re credit card - it's not the paying back, but actually using it that I have troubles with. I like using my phone to pay for things and for some reason the card and the app often come up with all sorts of errors (everything is up to date and I don't have the same issues with my other cards). Oh well, I guess people behind me in Tesco will just have to wait a bit longer for me to clear out!  

macman

So your objections seem to amount to:
1) it's too much of a hassle setting up a DD to pay off the full monthly card balance.
2) it's too much of a hassle getting the card out instead of your phone to make the payments.
If getting a mortgage later this year is your goal, is the above really too much to ask? You are going to have to do a whole lot more paperwork and admin than that to support a mortgage application.

penners324

Your credit card isn't set up to use apple pay....

emmajones1976

es260 said:

Thanks! 
Re credit card - it's not the paying back, but actually using it that I have troubles with. I like using my phone to pay for things and for some reason the card and the app often come up with all sorts of errors (everything is up to date and I don't have the same issues with my other cards). Oh well, I guess people behind me in Tesco will just have to wait a bit longer for me to clear out!  

Holding your phone up against the scanner takes no longer than holding a contactless card up against one, why would it take longer?

MalMonroe

Hi, there's some info from this forum in the following link, which was updated last month. You may find it helpful -

https://www.moneysavingexpert.com/loans/buy-now-pay-later/

es260

penners324 said:

Your credit card isn't set up to use apple pay....

It is, it sometimes works, sometimes doesn't... I'll contact my card company to see if it can be fixed.