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Klarna's Losses Widen After More Consumers Fail To Repay Loans
Tuesday May 20, 2025. 12:00 PM , from Slashdot
![]() The company, which makes money by charging fees to merchants and to consumers who fail to repay on time, said its customer credit losses had risen to $136 million, a 17% year-on-year increase. The increased failure to repay comes on the back of gloomy economic sentiment in the US, where a closely watched measure of consumers' confidence last week fell to its second-lowest level on record. US President Donald Trump's trade war has driven expectations of higher inflation. Further reading: The Klarna Hype Machine. Read more of this story at Slashdot.
https://news.slashdot.org/story/25/05/20/096258/klarnas-losses-widen-after-more-consumers-fail-to-re...
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