Klarna Late Payment – What You Need To Do

Are you worried about Klarna late fees? You’ve found the right place to get answers. Each month, over 170,000 people visit our website seeking advice on managing debt. 

In this simple guide, we’ll cover:

•  What Klarna Buy Now Pay Later options are
•  What to do if you have a late payment with Klarna
•  How to contact Klarna
•  How late payments may affect your credit score
•  Ways to manage your debt if you can’t pay

We know that dealing with a late payment can be scary, especially if you can’t pay your Buy Now Pay Later debt. But don’t worry; this guide is designed to give you the answers you need about Klarna late fees.

How to Cope with a Klarna Late Payment

If you can’t make a scheduled payment to Klarna, make sure you stay in touch. It’s not the end of the world and you won’t be the only customer to ever miss a payment to Klarna. That’s why they are well prepared to deal with this type of event.

Money troubles happen and sometimes there’s nothing you can do. The key to coping when you miss a payment is to remain in contact with Klarna. Things start to go wrong when they can’t speak to you!

Always read the fine print when you sign up for a Klarna plan. Knowing about their Terms and Conditions could help you stay on the right path when you use BNPL schemes. It may sound boring but it could save you a ton of hassle further down the line!

» TAKE ACTION NOW: Fill out the short debt form

Klarna Late Payment: What You Should Do

Talk to Klarna support when you’re late paying a scheduled instalment. Contact them sooner rather than later. Klarna tries to take the payment a second time a couple of days after a failed attempt. If the second request for payment fails, things start to hot up.

Things move quite fast at this stage:

• Klarna blocks your account and marks it ‘in arrears’

• A statement showing the amount you owe

• They give you 15 days to settle the amount you owe

I recommend you pay the amount you owe to Klarna at this stage – if you can! Talk to their support team if you can’t. They may set up a new payment schedule, one that you can keep to!

When Klarna Gets Tough With Late Payments

There are no Klarna late fees to worry about but that doesn’t mean you’re out of the woods. Klarna is set up to deal with missed and late payments. They even have their own trained team of advisers.

If they can’t get in touch with you, Klarna passes your details on to a debt collection agency (DCA). This is after several failed attempts to speak to you. It’s when things start to get tough. Debt collectors write letters, call you by phone and could show up at your door! In short, they don’t give up and are super persistent.

Snoozed Payment vs Klarna Late Payment

Klarna lets you ‘snooze’ a payment but you must do this before you miss a scheduled instalment. Plus, you can only do this on Pay in 3 and Pay in 30 plans. You can’t ‘snooze’ any payments due on Klarna Financing! Also, you can only snooze one order one time. The snooze option gives you an extra 10 days to pay.

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Dealing With Debt Collectors Following a Klarna Late Payment

When you don’t pay what you owe to Klarna and they haven’t been able to contact you, the next step may be stressful. You may have to deal with a debt collector. It may seem easy to avoid all contact with the debt collector, but my advice is to communicate as much as you can.

First, make sure the debt is yours! Next, be transparent about your situation. A debt collector can and can’t do certain things. They can contact you by letter, phone or in person. They can be persistent and usually are. They can’t:

• Force their way into you

• Make you pay more than you can afford

Debt collectors don’t have legal powers. They are not obliged to accept your proposed repayment plan. The creditor makes this decision, in this case it’s Klarna. But, you’ll have to pay what you owe, whether to Klarna or the debt collector.

Are there Legal Repercussions of Non-Payment?

Yes, there are legal repercussions of non-payment or missing some BNPL payments.

Your debt may be bought by a debt collection company. If this happens, you can follow my debt collectors guide for some more information.

If you don’t pay the debt collectors, they may end up taking you to court to get a CCJ.

A County Court Judgement (CCJ) is an order from a judge that states you have to pay the debt. This means that the court agrees with your creditor, and you owe the money.

Your judgement will include the following:

• How much you owe
• How you should pay
• Who you should pay
• Your deadline to pay.

Unless you pay within one month of the CCJ being issued, it will be recorded in the Register of Judgements, Orders and Fines for 6 years. If you pay off your debt within these 6 years, you can request that your judgement is marked as ‘satisfied’ on the register.

To do this, write to the court with proof that you have paid off the debt in full.

If you manage to pay within one month of the CCJ being issued, the judgment will not be recorded in the register. You will need to write to the court explaining that you have paid and provide proof.CCJs are also visible on your credit file for 6 years. This will make it almost impossible for you to get credit during this time.

Klarna Contact Details

Klarna Late Payment Solutions

If you are dealing with BNPL or just struggling to manage your money, I recommend speaking to a debt charity.

There are several charities and organisations in the UK that offer free debt counselling services and free financial advice. Their advisors will be able to walk you through your options and find the best solution for you.

• StepChange
• National Debtline
• Citizens Advice
• Debt Advice Foundation.

The advice provided could help you get out of a financial hole. It may get you back on track with your Klarna payments. But your account with Klarna could stay blocked. When you have a Klarna missed payment, there’s no guarantee they’ll lift the block!