The buy now, pay later loan company Klarna is reporting losses of more than $100 million. This is due to users skipping payments.
The repercussions can lead to bad credit scores and greater debt.
On this edition of All Sides, we’re talking about addressing consumer debt and what can be done individually and at the systemic level.
Guests:
- Cora Lewis, business reporter, Associated Press
- Sherman Hanna, professor of consumer sciences, The Ohio State University
- Michael Bovee, founder, Consumer Relief Network
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