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Klarna: The company that lets you pay for your shopping a month later - is it a trap?

The Swedish start-up claims to offer flexibility and a solution to sizing issues for those shopping online. But does the ability to 'buy now pay later' encourage users to spend what they can't afford?




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Saga to axe Platinum card in March leaving customers two months to pay off their balance

Over-50s in possession of Saga’s Platinum Visa card have just two months to clear their debts and find themselves an alternative after the company announced it was discontinuing the product.




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Will you still be paying off winter debts in the summer?

Now that February is here, most have received the first pay cheque of 2019 and those with a tight budget may be breathing a sigh of relief.




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Payday loans: I borrowed £100 and ended up owing £19,000

When Danny Cheetham took out his first payday loan ten years ago he only wanted £100 for a night out. He was a student and paying back £128 after 22 days didn't sound like a bad deal.




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What is Laybuy? It follows Klarna into the UK 'buy now pay later' market

Laybuy made a big impact in its native New Zealand, claiming it signed up 200,000 people and partnered with 2,750 stores in just 18 months.




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How eWallet payments are surging and could displace cash

Data shows that 5% of all point of sale transactions in 2017 in Britain were made using a mobile wallet. How does that compare to other nations around the world?




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Pay later fintech Klarna added 25,000 new UK users a week by the end of 2018

Swedish fintech Klarna attracted 25,000 new UK users each week in the last three months of last year, as it celebrated a bumper 2018 that saw global revenue increase 31% to £445m.




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MasterCard's Mark Barnett on working with Monzo, paying by app, and why there should always be cash

If the future of the UK increasingly looks cashless, then no one may be better placed to reap the rewards than MasterCard




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Watchdog announces new rules on 'buy now, pay later' products that will save users as much as £60m

'Buy now, pay later' firms will be banned from charging backdated interest on already repaid amounts of money from November, under new rules announced by the financial regulator




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Family business owner gives staff a bonus after winning a £247,000 Lloyds PPI payout

Mike Weaver, 61, took out several payment protection insurance policies when he set up his radio hiring business in 1991. He recalls being told that he had to buy PPI to get the loans he needed.




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How your everyday credit card spending could help pay for your next holiday

Many credit cards offer reward points that can be exchanged for air miles. If you can pay off the balance every month, these cards are a good place to start racking up air miles.




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Glint app that lets customers pay with gold goes into administration

For five days after it went into administration the company did not mention the matter on its website. Glint says its app still works as normal and users could still deposit money into it.




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Is Britain's biggest payday lender QuickQuid on the verge of administration?

Britain's biggest payday loan collapse since Wonga could be on the cards as QuickQuid is on the verge of going into administration, according to reports.




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M&S takes on Klarna by introducing its own payment installation service

M&S.com has partnered with Clearpay on the new service with the payment option due to be available to all UK M&S.com customers from mid-November.




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Gold payment app Glint out of administration after £5.7m fundraise

An app-based card provider which allowed users to pay with gold has been rescued from administration, having fought off a hostile takeover bid from one of its own creditors.




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Buy now, pay later firm Klarna signed up 60,000 new merchants in 2019

Buy now, pay later juggernaut Klarna announced it has signed up over 60,000 retailers so far in 2019, including Microsoft and travel agent Expedia, as it prepares for a bumper Black Friday.




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Another buy now, pay later card? Tymit offers Klarna-like instalments

The popularity of the likes of Klarna and other firms which let you spread the cost of purchases over instalments means credit card providers are increasingly adopting that model instead.




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Catapillr offers work interest-free loans up to £10k to pay for childcare

With nursery costs reaching as much as £12,000 parents are finding it difficult cope. But now a new provider enables employers to give interest-free loans to parents for childcare




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Hundreds of Saga customers receive surprise payout after platinum credit card mishap

Hundreds of customers of Saga have received an unexpected windfall following its admission that it badly handled the axeing of its popular platinum credit card last year.




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Should you take a credit card payment holiday during coronavirus pandemic?

While borrowers make no payments for three months, card providers often still charge interest on balances during payment holidays, meaning borrowers continue to rack up interest




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Virgin Money credit card customers hit by charges thanks to minimum payment default

Some longstanding Virgin Money credit cardholders have been left with charges on their accounts after discovering they had only been making minimum direct debit payments.




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Hastee Pay and Creditspring: two companies trying to solve Britain’s high-cost credit crisis 

Households are increasingly saving less and getting into more debt and a payday loan crackdown hasn't solved the problem. This is Money rounds up some of the start-ups trying to help




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Would you microchip yourself to speed up paying with contactless? 11% of Londoners would

While it sounds like something out of Blade Runner, a survey found some would take drastic steps to reduce the time it took to pay for their coffee.




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Future Finance offers loans to students that could leave you paying back double

Future Finance does recommend students go through Student Finance first, but the cost of repayments should be a red flag for any students considering this option.




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Can using buy now, pay later hurt my credit score?

A large number of buy now, pay later users do not know the full implications of missing payments while a large chunk don't believe the terms and conditions are clear enough.




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Can I get 10,000 Amex points without paying the £140 membership fee?

I have triggered a 10,000 point bonus for spending £15,000 on the card - but it says I can't get them until August 2020 and only if I renew. However, I don't want to pay the £140 annual fee for renewing.




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Banking with Lloyds for 40 years helped it uncover my £12k PPI payout

In an unusual case, four decades of sticking with Lloyds Bank was the main reason behind a Hertfordshire man obtaining a £12,000 mis-sold PPI payout.




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Could buy now pay later and Klarna kill the credit card?

Buy now, pay later has become the way for the younger generation to pay. Is it a dangerous form of credit or a useful way for shoppers to pay flexibly?




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Will you be charged a fee for using credit card to pay back Klarna?

Credit card customers of high street bank Halifax have reportedly been hit by charges when trying to make Klarna repayments, the buy now, pay later firm said.




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A wallet you can WEAR! The gadgets that could transform how you pay

The white plastic-looking 'K ring' (pictured) - which also comes in black costs £99.99. It is both waterproof and scratch-resistant and can be used to make contactless purchases.




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How will Britain pay its furlough and coronavirus bill?

Britain has been busily taking on its own emergency loans to deal with coronavirus. What do we do to pay all this extra borrowing off?




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Make in India missile deals pay off for government

Prime Minister Narendra Modi's Make in India initiative has helped the defence ministry save more than `1 lakh crore worth of foreign exchange.




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Chelsea squad agree to take 10% pay cut for four months

Chelsea players have virtually agreed a 10 per cent pay cut - but do not have the opportunity to make up their lost cash. The club originally raised the prospect of the players taking a 30 per cent cut.




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Chelsea stars to ditch pay-cut proposals after feeling pressured into them and now look at deferrals

The squad and the Blues board had been in talks over a first-team pay cut, with players privately agreeing to accept a 10 per cent reduction after the club initially proposed 30 per cent.




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Chelsea will slash transfer investments this summer after failing to reach a pay-cut deal

The decision taken by Chelsea players to reverse their pay-cut agreement with the club will prevent them from making big investments in the transfer market, Gary Neville has predicted.




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Inter 'keen to make Victor Moses' deal permanent but want to pay less than their £10m option to buy'

Inter Milan reportedly want to sign Chelsea loanee Victor Moses on a permanent basis but only if they can get him for less than the £10m option to buy that they agreed with the English club.




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AHEAD OF THE GAME: Players at rival clubs warned Chelsea stars to drop pay cut agreement

AHEAD OF THE GAME: Chelsea players' U-turn on accepting pay cuts last weekend followed pressure from players at other Premier League clubs




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Samsung Pay expands to take on rival Apple with launch of branded debit card this summer 

Samsung Pay is moving from the smartphone and into your hands, as the firm is set to launch a physical card in the US this summer in a bid to take on its rival Apple that rolled out a card in 2019.




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British Gas prepayment customers vent anger at energy giant

Numerous British Gas customers with prepayment meters claim they are struggling to top-up since the energy giant switched from Paypoint to Payzone terminals.




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I'm on a prepay energy meter - can I save money switching supplier?

Prepayment meter customers don't have to be stuck on their current tariffs and can save money, the same as standard energy customers, by switching supplier.




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Broadband customers are still paying £9m more A DAY than needed

Broadband customers are still paying £9m a day more than they should, according to data from check and challenge site, Is My Bill Fair.




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Ovo Energy to pay out £8.9m after overcharging customers

Ofgem says Ovo has agreed to pay the voluntary redress after some customers were undercharged while some were overcharged due to problems with its IT systems.




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GiffGaff makes changes to pay-as-you-go: Best 2020 mobile deals

GiffGaff is increasing costs for its standard pay as you go customers - whilst simultaneously providing bigger allowances for those who purchase its 'goodybag' bundles.




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Don't rush to rip out your landline - it could pay you to WAIT for the wireless 5G revolution

For better and for worse, our lives have been revolutionised by the internet. But a new high-tech innovation known as 5G is set to transform everything once again.




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Veganuary: Would you pay £13 for 27g of watermelon 'meat?'

Watermelon is the tuna or steak, restaurants would have you believe. But just how much of the bland fruit do you get for your buck - and is it all a step too far?




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How to stop PayPal picking your pocket when you sell on eBay

American payment giant PayPal stands accused of 'pickpocketing' tens of thousands of people every month who turn their clutter into hard cash.




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British Gas reverses the minimum top up limit back to £1 for prepayment customers after backlash

The Big Six supplier decided to change the limit at the same time it announced it was moving from Paypoint to Payzone terminals, leaving customers with 15,000 fewer locations to top up.




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What do HMRC tax codes mean and am I paying too much?

The code tells you how much you can earn before you have to pay any tax. Your tax code notice might seem dull but if the numbers and letters are wrong it can mean you pay too much, or too little, tax.




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Energy auto-switching sites don't always give users the best deals with some paying £70 a year MORE

Energy auto-switching services are not always giving users the best deals, with some comparing only 15 out of around 70 possible energy suppliers, new research has revealed.




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Virgin Mobile gives pay monthly customers unlimited minutes and data boost for free

The network said it will be offering unlimited minutes to landlines and other mobile numbers, plus a 10GB data boost, at no extra cost, for a month to those paying monthly as of Monday 23 March.