Surely it’s also a hard search once the credit is given to you, same as Monzo ? I doubt klarna are giving credit without a hard search - but like Monzo do a soft search first to indicate eligibility?
Klarna don’t do a hard search
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I’ve just checked my report and I’ve never had a hard search from them
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So, I think, it depends what type of Finance you get from them 
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Exactly this! Klarna currently do for some of their products but not all…
We have to do them when we give out credit. 
But for Flex we’ll only do one when you initially take out Flex then not again.
It will be interesting to see if Klarna et al. need to start performing hard searches on all their products as a result of the Woolard Review - and if they do if they do it on every purchase as each purchase is technically a new credit agreement. They’re going to be required to report the accounts - not sure about hard searches though.
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Fair enough but surely they would’ve mentioned how long it would take? Hopefully it comes thru soon. Thanks
Takes as long as it takes to be honest. You’ll get an email and an app notification once the invite has landed for you to sign up.
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^^
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That’s not flex related
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No hard search. I adore Klarna. Three months interest-free credit, then you stick the purchase on a credit card with a zero balance that’s another 56 days.
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Just did my first Flex transaction. I like it!
(Not so keen on how the Google export deals with it, very hard to pick these out and analyse them)
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Incorrect for me. No hard search ever by Klarna. I have access to all three of my credit reference files
Fair enough. From the messages and links above it seems it varies but fair enough.
As mentioned above, it’ll be depending on the type of credit you get etc.
They only do a hard search when taking out a loan over the 3 month interest free period e.g. their 12-24 month product.
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One question I can’t find answer to, do upcoming flex payments show as committed spending for the summary / left to spend feature?
I got offered 450 limit with flex, if I buy something for 459 let’s say will I be able to flex the payment as I will have to pay the first installment instantly?
Curious to know off the back of this, if you could part flex a purchase.
In your case, £600 purchase, pay £150 today, then £150 the remaining 3 months 🤷🏼
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