The Latest Breaking News from Klarna

We spend almost £1bn a month through retailers’ spread-the-cost payment schemes. But many borrowers find themselves missing payments, covering instalments with credit cards – and using the schemes to pay for food and other essentials. Is online credit spiralling out of control?

Big changes are ahead for Buy Now Pay Later

Use of services such as Klarna, Clearpay and Laybuy rising as staff rejected by mainstream lenders

If you shop online for clothes or furniture, sneakers or concert tickets, you’ve seen the option at checkout to “buy now, pay later” by breaking the cost into smaller installments over time

A growing number of American shoppers have jumped at the chance to use “buy now, pay later” loans to pay for new sneakers, electronics, or luxury goods in installments

iOS 16 could launch a new way to pay through Apple with no added interest

Buy now, pay later firm will issue smaller loans to some customers to return to profitability

Carrying a balance on your credit card debt is growing more expensive as the Fed hikes rates.

Investors of all stripes have crashed the clubby world of VC, drawn by the potential of tech start-ups. But there are signs the party is over

Economic uncertainty, competition, regulators, and the usual consumer debt problems are spoiling the fun.

Increase in use of Buy Now Pay Later deals to pay for energy and food sounds alarm at energy and debt advice charities