Credit Corp Group Ltd
CCP: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$45.20 | Vddfh | Ffypgnc |
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 (around 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.