2 differnt things having something on credit and say paying into a christmas club eg you get the goods whan you have paid for them.
Any shop doing credit will need a credit licence (and they cost) even if its actually a seperate credit company actually doing the lending.
Yes a shop can make money by doing things on credit eg buy a £10,000 car on credit and the car dealer will get a bonus (thats why they dont do discount for cash) but buy something for £50 that wont happen.
Have been aproaced by several credit companies at my shop and all wanted to charge me for having there service, why ? it would be them who made the money in interest.
|