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Ruby the Liberal

(26,614 posts)
15. Klarna is payday lending on steroids
Wed May 14, 2025, 08:40 AM
May 2025

Its retail/point-of-sale financing.

No cash? Run your $12 TacoBell order through Klarna and pay over 4 months at usurious rates. And because it is revolving - as people use it, the interest compounds on the interest and it becomes a never ending cycle.

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