Klarna will share your buy now, pay later borrowing data with Experian and TransUnion from June

in Loans
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Former_MSE_James_FFormer_MSE_James_F Former MSE
115 Posts
First Post
MSE Staff
Shoppers using Klarna's buy now, pay later (BNPL) services will have their repayment data shared with two of the UK's biggest credit reference agencies from 1 June, so how you manage your repayments could affect your ability to get credit in future.

Read the full story here:
'Klarna will share your buy now, pay later borrowing data with Experian and TransUnion from June - here's what it means'

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Replies

  • edited 15 June 2022 at 7:06PM
    nyermennyermen Forumite
    994 Posts
    Eighth Anniversary 500 Posts Name Dropper
    Forumite
    edited 15 June 2022 at 7:06PM
    "Repayment data from Klarna won't affect your credit score - for now"

    Erm - dont you mean that repayment data from Klarna won't affect your made up number from experian or transunion.  It may well start to affect the numbers that individual lenders compute themselves from the credit history.  If its on your credit history, then they could start using it from right now.
    Peter

    Debt free - finally finished paying off £20k + Interest.
  • DandytfDandytf Forumite
    4.3K Posts
    Tenth Anniversary 1,000 Posts Name Dropper
    Forumite
    That's a decent move from one example of BNPL. Which could mean missed or late payments impacting future credit ability. Is PayPal Credit reported, need to repay ps5 over 18 months, maybe sooner.
    Replenished CRA Reports.2015 Zoe i nav -90-100 miles top charge. Savings continue.Faster Fibre has arrived albeit 1gb to 500mb.
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