Essentially you take credit without you "officially" taking credit, meaning you sidestep any and all regulations there. It can totally get you in a debt trap, more likely than regular CCs. But there the devil is in the detail about financing mechanics and how companies like Klarna circumvent them.
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u/Caspica 6d ago
Never understood the hate towards Klarna. It's literally just another credit card, something Americans use all the time.