Credit Corp is a debt buyer, purchasing and collecting debts in Australia, New Zealand and the United States. The business purchases consumer and small business debt from Australian, New Zealand and US banks, finance companies, telecommunication and utility companies.

“Credit Corp buys debt and then looks to collect it.  Julia said.

“In Australia, it has the lowest cost to collect debt and the highest asset turnover.

“Its business is based on the price to buy the debt, the collection of debt and competition.

“It is in a competitive position in Australia and is growing rapidly in the US.

“What it does well is an emphasis on payment arrangements over time and lower proportion of litigated outcomes. In other words, it tries to work with people to repay the debt.

What’s its growth strategy?

“The US debt market is the key to growth. Credit Corp has capacity to expand US business and is already a top 6 US debt buyer. The latest results showed that this company is in an upgrade cycle with new products to help the Australian business and continued growth into the US is expected,” Julia added.

Credit Corp (CCP)

Source: Google

Important: This content has been prepared without taking account of the objectives, financial situation or needs of any particular individual. It does not constitute formal advice. Consider the appropriateness of the information in regard to your circumstances.