Klarna and AfterPay have no impact on your credit reports. Klarna is my favorite.
They do a soft credit pull and give you a pre-set spending limit. I used it to purchase my iPhone a couple months on the Apple website (pre-apple card approval)
@Anonymous wrote:My wife is a Klarna fanatic. Since I monitor our CR consistently I can say for certain that Klarna was a HP for her when she applied in July 2020. It was an Experian pull only. I dont remember our scores back then but because it was a HP, a few points Im sure came down.
Hi. She didn't use the pay in 4 option then. They have an extended pay over time option (6+ months) that requires a credit pull.
"Fool me once.."
A little rant on BNPL (buy now pay later) and "soft credit check" convenience.
It is so easy to say "soft hit", "express checkout", "no credit report impact".
Rolls off the tongue.. Sad to say this isn't true..
At 3am one morning I was browsing for a new laptop and fallling asleep. There it was! An online special LG laptop. Not available at retail! Online exclusive! (it was.actually a good deal).
About to nod off, I clicked on the "Klarna Express Checkout" and was instantly approved.
The laptop shipped and I had 12 months same as cash with no credit check right?
Then this email alert showed up from Experian.. 
The worst part was the irony (and lesson learned): A hard hit on my credit file followed by Zero reporting on all my ontime payments..
Postscript (if you are still reading..)
Sign of the times.. I paid $1900 for the LG Gram laptop. 6Six months later the USB-C port stopped working. I sent the Laptop into LG for repair under warranty. Unbelievable! After 6 weeks they sent me a check for the full amount (plus tax) of the purchase -- they could not get parts from Taiwan.
@manfromunkle wrote:"Fool me once.."
A little rant on BNPL (buy now pay later) and "soft credit check" convenience.
It is so easy to say "soft hit", "express checkout", "no credit report impact".
Rolls off the tongue.. Sad to say this isn't true..
At 3am one morning I was browsing for a new laptop and fallling asleep. There it was! An online special LG laptop. Not available at retail! Online exclusive! (it was.actually a good deal).
About to nod off, I clicked on the "Klarna Express Checkout" and was instantly approved.
The laptop shipped and I had 12 months same as cash with no credit check right?
Then this email alert showed up from Experian..
The worst part was the irony (and lesson learned): A hard hit on my credit file followed by Zero reporting on all my ontime payments..
Postscript (if you are still reading..)
Sign of the times.. I paid $1900 for the LG Gram laptop. 6Six months later the USB-C port stopped working. I sent the Laptop into LG for repair under warranty. Unbelievable! After 6 weeks they sent me a check for the full amount (plus tax) of the purchase -- they could not get parts from Taiwan.
Good deal for you .. the buy now ,pay companies slow walk refunds on returned items
@manfromunkle wrote:"Fool me once.."
A little rant on BNPL (buy now pay later) and "soft credit check" convenience.
It is so easy to say "soft hit", "express checkout", "no credit report impact".
Rolls off the tongue.. Sad to say this isn't true..
At 3am one morning I was browsing for a new laptop and fallling asleep. There it was! An online special LG laptop. Not available at retail! Online exclusive! (it was.actually a good deal).
About to nod off, I clicked on the "Real Cricket 20" and was instantly approved.
The laptop shipped and I had 12 months same as cash with no credit check right?
Then this email alert showed up from Experian..
The worst part was the irony (and lesson learned): A hard hit on my credit file followed by Zero reporting on all my ontime payments..
Postscript (if you are still reading..)
Sign of the times.. I paid $1900 for the LG Gram laptop. 6Six months later the USB-C port stopped working. I sent the Laptop into LG for repair under warranty. Unbelievable! After 6 weeks they sent me a check for the full amount (plus tax) of the purchase -- they could not get parts from Taiwan.
You actually got the good deal though.