3 ms·
>Credit cards have some brakes because they only extend credit to people they think will pay it back. >Klarna’s marketing pitch is “no credit check”. No they'
by gruez 2y ago
>Credit cards have some brakes because they only extend credit to people they think will pay it back.
>Klarna’s marketing pitch is “no credit check”.
No they're not. If you check the fine print you'll see something along the lines of "subject to approval". They're not giving out free money to anyone who fills out a form.
- trollbridge 2y agoIt’s crazier than that. It might be a soft pull or might not be. Whether or not they say it will be a credit check depends on who you are, presumably based on how likely their algorithm thinks you are to turn them down. I ran into this recently helping someone with their finances who forgot about random Klarna purchases… I worked off of their credit report, and Klarna was just on there at all. (Obviously lesson #1 was “don’t do Klarna and stuff like it, even though it’s zero interest”).