Are people actually using klarna on ebay

sbfinley · #1 05-26-2025, 04:56 PM

I found out the other day that social media influencers are recommending people max out Klarna because some financial talking head mentioned the company would pushing bankruptcy eventually. I’d normally wonder how people could be so stupid, but I stopped wondering and realized it’s more fact some years ago.

I will admit that I occasionally use PayPal credit for spontaneous purchases or eBay auction wins over a certain amount. I only keep just over monthly spending in my checking account and the rest of my liquid cash is in a Fidelity account that usually takes about 24 hours to transfer. I essentially only use it to pay immediately.

raulus · #2 05-26-2025, 05:11 PM

Quote:

Originally Posted by sbfinley

I found out the other day that social media influencers are recommending people max out Klarna because some financial talking head mentioned the company would pushing bankruptcy eventually. I�d normally wonder how people could be so stupid, but I stopped wondering and realized it�s more fact some years ago.

Brilliant strategy!!

I guess they don�t realize that their accounts are almost certain to be bought in bankruptcy, and the new owners will squeeze them to get paid.

ruth-gehrig · #3 05-26-2025, 05:58 PM

Quote:

Originally Posted by raulus

Brilliant strategy!!

I guess they don’t realize that their accounts are almost certain to be bought in bankruptcy, and the new owners will squeeze them to get paid.

I still have difficulty wrapping my head around this but my mom had a friend when I was growing up who's mortage company went bankrupt - that was the end of the mortgage. It didn't get bought out!

. About half the original purchase price was wiped out. This was early 1990s in Kansas. I don't know the mortgage company name.

Seems the odds of this happening again would be nearly zero

raulus · #4 05-26-2025, 08:48 PM

Quote:

Originally Posted by ruth-gehrig

I still have difficulty wrapping my head around this but my mom had a friend when I was growing up who's mortage company went bankrupt - that was the end of the mortgage. It didn't get bought out!

. About half the original purchase price was wiped out. This was early 1990s in Kansas. I don't know the mortgage company name.

Seems the odds of this happening again would be nearly zero

Crazy stuff happens sometimes, no doubt. But more often, the stories tend to be a lot bigger than the reality, particularly when it comes to investments, getting free stuff, and saving on taxes.

Yoda · #5 05-27-2025, 02:39 PM

I recall Mr. MaCawber in Dickens' 'David Copperfield who offered the sage advice to a young David: Income Pounds 100, outgo 99.9 Pounds, result happiness. Income Pounds 100, outgo 100.1 Pounds result misery. Still good advise today.

John1941 · #6 05-27-2025, 03:27 PM

Quote:

Originally Posted by Yoda

I recall Mr. MaCawber in Dickens' 'David Copperfield who offered the sage advice to a young David: Income Pounds 100, outgo 99.9 Pounds, result happiness. Income Pounds 100, outgo 100.1 Pounds result misery. Still good advise today.

Micawber actually speaks of twenty pounds, give or take six shillings - maybe you're adjusting for inflation. But yes - worthy advice from a flaky character.

(Though apparently �20 in 1850, when the novel was published, would be �3440 today.)

Yoda · #7 05-28-2025, 03:06 PM

Quote:

Originally Posted by John1941

Micawber actually speaks of twenty pounds, give or take six shillings - maybe you're adjusting for inflation. But yes - worthy advice from a flaky character.

(Though apparently �20 in 1850, when the novel was published, would be �3440 today.)

John, thank you for chiming in. I am grateful you set me straight on cash amounts and humbled that I spelled Micawber's name wrong. Are you an English literature teacher or just a lover of Dickens, like me?
I wonder how many 18 year olds would have any idea what our posts are all about, or care. Or worse, how many Dickens' books have been pulled from library shelves for being too 'woke'. John

rjackson44 · #8 05-26-2025, 05:50 PM

Quote:

Originally Posted by sbfinley

I found out the other day that social media influencers are recommending people max out Klarna because some financial talking head mentioned the company would pushing bankruptcy eventually. I�d normally wonder how people could be so stupid, but I stopped wondering and realized it�s more fact some years ago.

I will admit that I occasionally use PayPal credit for spontaneous purchases or eBay auction wins over a certain amount. I only keep just over monthly spending in my checking account and the rest of my liquid cash is in a Fidelity account that usually takes about 24 hours to transfer. I essentially only use it to pay immediately.

Your correct understanding they are hundreds of millions in debt .when i win or buy a card i pay right away.just me

JollyElm · #9 05-27-2025, 03:42 PM

Quote:

Originally Posted by rjackson44

Your correct understanding they are hundreds of millions in debt .when i win or buy a card i pay right away.just me

Don't even know what (this brand new word to me) Klarna is, but I'm with you!
For me, it's one snipe bid, then pay immediately...or cry hysterically in the corner while sucking my thumb when I lose.

bmattioli · #10 05-27-2025, 06:26 PM

I collect cans and bottles which is 10 cents each in Conn and scrap metal for my purchases. Nothing is ever paid in debt.. I'm old school..

Exhibitman · #11 05-27-2025, 08:20 PM

Nope, never. Never will finance any card unless it is the deal of a lifetime and I have a plan to pay it off before the debt is due. There is a reason why the promotional deal is great, and it is the same reason that you drink for free at a casino.

Ace Rothstein: [Narrating] In the casino, the cardinal rule is to keep them playing and to keep them coming back. The longer they play, the more they lose, and in the end, we get it all.

tlhss · #12 05-27-2025, 10:24 PM

Quote:

Originally Posted by bmattioli

I collect cans and bottles which is 10 cents each in Conn and scrap metal for my purchases. Nothing is ever paid in debt.. I'm old school..

The Bottle Deposit �

KJA · #13 05-27-2025, 11:54 PM

I've used the Paypal pay in X amount of payments thing, it's no interest, so it's better than using a credit card. I end up usually paying it off before the end anyway.

rjackson44 · #14 05-28-2025, 09:07 AM

Quote:

Originally Posted by JollyElm

Don't even know what (this brand new word to me) Klarna is, but I'm with you!
For me, it's one snipe bid, then pay immediately...or cry hysterically in the corner while sucking my thumb when I lose.

funny jolly

rjackson44 · #15 05-28-2025, 09:07 AM

Quote:

Originally Posted by JollyElm

Don't even know what (this brand new word to me) Klarna is, but I'm with you!
For me, it's one snipe bid, then pay immediately...or cry hysterically in the corner while sucking my thumb when I lose.

funny jolly

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