Klarna will share your buy now, pay later borrowing data with Experian and TransUnion from June 4 May 2022 at 5:44PM in Loans 2 replies 453 views

Former_MSE_James_F

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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nyermen

"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.

Dandytf

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.