Q&A: What credit score do you need for Klarna®?

Updated on January 8, 2024

Question: What credit score do you need for Klarna®?

Answer: Klarna® is one of those “buy now, pay later” services that’s been gaining traction, especially for online shopping. If you’re considering using Klarna, you might be wondering about the credit score requirements. Let’s break it down.

Klarna does perform a soft credit check, especially when you opt for one of their financing options. However, the good news is that their approval process is generally more lenient than traditional credit cards or loans. This means you don’t necessarily need an excellent or even good credit score to use Klarna. Many s with fair or even below-average credit scores have reported being approved.

That said, the exact credit score requirement can vary based on the specific Klarna service you’re using. For instance, their “Pay in 4” option might have different criteria compared to their longer-term financing options. Additionally, while Klarna might approve you, the amount they’re willing to let you finance could be influenced by your credit score and other financial factors.

It’s also worth noting that while Klarna’s initial soft credit check won’t impact your credit score, if you choose a financing option and miss payments, it could be reported to credit bureaus and negatively affect your score. On the flip side, making timely payments can help build a positive payment history.

In a nutshell, while you don’t need a perfect credit score to use Klarna, it’s always a good idea to be aware of the terms and ensure you can make payments on time. Using “buy now, pay later” services responsibly can be a convenient way to manage purchases, but it’s essential to avoid overextending yourself.

Stilt, Inc. and its affiliates do not provide financial, tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own financial, tax, legal and accounting advisors before engaging in any transaction.

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Frank Gogol

I’m a firm believer that information is the key to financial freedom. On the Stilt Blog, I write about the complex topics — like finance, immigration, and technology — to help immigrants make the most of their lives in the U.S. Our content and brand have been featured in Forbes, TechCrunch, VentureBeat, and more.

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