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Can using Klarna affect my credit score?

Asked a year ago

I'm interested in setting up Klarna as a payment method for my Shopify store but I'm having some doubts as I've heard it can show up on credit reports. Has anyone had experience with this? I'm based in Canada. Thanks!

John Potts

Monday, April 24, 2023

Klarna does not have a direct impact on your credit score. However, using Klarna for purchases may indirectly affect your credit score. This is because Klarna performs a soft credit check when you apply for their financing options, which does not affect your credit score. However, if you use Klarna to make purchases and miss a payment or default on your payments, this could negatively impact your credit score. It's important to always make your payments on time to avoid any negative impacts on your credit score. Additionally, Klarna's impact on credit scores may vary by country, so it's always best to check with your local credit agencies to confirm.

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