The Buy Now, Pay Later crowd seems to think they have invented something different from credit cards, which they have not. Like starter cards (and subprime mort

The Buy Now, Pay Later crowd seems to think they have invented something different from credit cards, which they have not. Like starter cards (and subprime mortgages), many people don't pay and Klarna didn't seem too worried about that. Simply calling it something other than credit doesn't change that.