I know you're being sarcastic, but that's kind of a legit concern if you ask me. Amazon lends itself really well to impulse buying and a lot of consumers that spring for store credit cards and the like don't always have the best spending habits. I don't know what kind of consumer protection laws the UK has (from what I can gather this is a UK based program), but I can see this turning into a sour experience for a lot of people who are unable to spend wisely.owning YOUUUUUU...
More like tongue in cheek because I firmly believe there's merit behind it. I mean, hasn't that been China's takeover plan for the last 4 decades alreadu? Amazon, Walmart, and McDonald's just want a piece of the pie. It's a pretty real concern to people who are a lot smarter about global economics than I am. The buying and trading of debt is ironically lucrative.
Yeah. I was about to ask "How is this legal [in the US]?" when I realized that this article is centered around the UK. Even in the US, store credit cards have to be arranged between the store and a bank of some sort - someone services those credit cards. It's not something Amazon should be able to do independently, they would need to rely on a card issuer like FIA (BOA in disguise) or similar to service their accounts. I think this is awful, but interesting, I guess.