Klarna to charge late fees

in a change to existing Buy Now Pay Later (BNPL) terms and conditions, according to CityAM. About a one minute read.

Comment: long time readers will know I detest BNPL; I live debt free and don’t approve of any facility that entices people to take on debt. One of the key problems about BNPL services presently is they don’t communicate, allowing people to run up untenable debt loads across BNPL providers. And we know defaults are soaring, which is likely why Klarna is now charging late payment fees.