Credit Corp Group Ltd
Company Profile
Business description
Credit Corp operates in the distressed consumer debt market. In its core business, it acquires purchased debt ledgers, or PDLs, in Australia and is expanding this business globally by buying PDLs in the United States. These PDLs consist of unsecured debt that are at least six months in arrears and have already been through a collection process. Since 2012, Credit Corp also diversified its business into providing consumer credit to customers who are unable to gain access to credit from primary sources such as banks because of a poor credit history. Its consumer credit business is gaining scale but is also subject to increased regulatory scrutiny.
Contact
201 Kent Street
Level 15
SydneyNSW2000
AUST: +61 286515000
Sector
Financial Services
Stock type
Cyclical
Industry
Credit Services
Fiscal Year End
30 June 2025
Employees
2,231
Morningstar Investment Ideas
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