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Higher interest rates and recession concerns are challenging the business model behind services such as Affirm Klarna and Sezzle which say they are tightening credit standards to focus on making a profit, rather than growth. In one instance detailed in a report in the Consumer Financial Protection Bureau consumer-complaint database, Klarna cited problems verifying personal details as the reason for declining a transaction by an existing customer with active Klarna payment plans. Klarna said it c...
>>> Read more: Rejected for a Buy Now, Pay Later Plan? It Might Not Be Your Fault
>>> Read more: Rejected for a Buy Now, Pay Later Plan? It Might Not Be Your Fault
