Credit Corp Group Ltd
CCP: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$42.40 | Vtq | Rmlcsvr |
New Morningstar Analyst Report for Credit Corp Group Ltd
Business Strategy and Outlook
Credit Corp Group is Australia’s largest debt purchasing business in terms of market share. Its primary business is purchasing past due unsecured consumer debt (over 80% of EBITDA) primarily from major Australian banks then seeking to recover outstanding balances from customers. Credit Corp also has a consumer lending business in Australia providing loans to people with limited access to credit.