Credit Corp Group Ltd

CCP: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	A$46.90	Rcq	Sqbmvjm

Credit Corp Group Delivers a Better-Than-Expected Fiscal 2024

Shaun Ler

Jul 30, 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.

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