Their whole purpose is to psychologically trick people into buying more than they can afford. It only takes elementary level math to see this coming.
We gave out risky and predatory loans to people with bad credit and now they aren’t repaying them
Shocked pikachu
Live by the DoorDash bnpl die by the DoorDash bnpl
Buy now pay later! I kept reading it like the name of a tech company pronounced “beanpole”
Nobody is paying back their burrito loans!
Guess it’s time to send the repo man down to the sewage treatment facility.
Oh man, people ain’t paying back their fast food burger loans?
They wanted to do an IPO: https://www.investopedia.com/klarna-is-moving-toward-big-ipo-what-you-need-to-know-8748846
but they’ve been experiencing losses like this and have put the IPO on hold. With the losses getting worse, I have a feeling they won’t IPO anytime in the near future. Also, people failing to repay laxer loans like klarna means bad things for the market at large.
This is what happened to a lot of pay day loan companies in the UK
