If you’ve ever found yourself staring down a large purchase without enough money on hand, Klarna is a Swedish fintech company that may be able to help you.
Possibly the greatest thing out of Sweden since IKEA and those delicious tiny meatballs, Klarna allows you to make large purchases and split them up into smaller payments — most of the time without interest.
So, if that new pair of expensive shoes or flat-screen TV is just calling out to you, Klarna may be the solution. In this Klarna review, we’ll explore what exactly the service is and how it works, explain how it affects your credit report, as well as address some other common questions.
What Is Klarna?
Klarna is a buy now, pay later service. You can think of it as an upgrade to layaway plans of the past. With buy now, pay later services like Klarna, you can separate purchases into smaller, more manageable payments. The best part is that you get to walk away with or have your product shipped imminently to you — no waiting around.
Klarna gives you a few options for obtaining your shiny new toys, including the ability to split your purchase into four interest-free payments, pay in full within 30 days without interest, or divide your purchase using monthly financing (interest is included).
When shopping online, Klarna is limitless, as you can create a virtual credit card for your purchases. When it comes to in-store purchases, Klarna partners with select
