Credit Corp Group Ltd
CCP: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$97.30 | Xcjq | Tmhbmtys |
Credit Corp Group Delivers a Better-Than-Expected Fiscal 2024
Business Strategy and Outlook
Credit Corp is a major purchased debt ledger acquirer in Australia, with long-term share of around a third of the market. It is also a minor debt collector in the US market with an estimated share of around 6% in fiscal 2024. PDLs are mainly acquired from banks and financial institutions, and are mostly unsecured credit card debt that are at least six months in arrears and already been through a collection process. Other forms of debt purchases include outstanding telephone or utility bills.