Credit Corp Group Ltd

CCP: XASX (AUS)
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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
A$25.40QhljkNcdwvyv

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.

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