Credit Corp Group (CCP)

Shares / Stock Code

CCP

Stock Exchange / Sharemarket

Australian Securities Exchange

Credit Corp Group (CCP) is a receivables manager operating in Australia. CCP specialises in debt purchase, debt collection, mercantile collections and process serving, with a key focus on acquisition of purchased debt ledgers. Credit Corp Group listed on the Australian Stock Exchange on 4rth September, 2000.

CCP focuses its development activities through three divisions namely, Debt Ledger Purchasing, Mercantile Collections and Process Serving. CCP’s Debt Ledger Purchasing business focuses on purchasing clients debts at a discount to their value from creditors with the purpose of recovering amounts more than the purchase price during the life of the receivables. Its Mercantile Collections segment operates via an agency or commission-based model for a specific time interval. Its Process Serving business includes the provision of legal support and investigative services to customers.

CCP focuses on establishing long-term purchasing relationships with its customers. Credit Corp’s goal is to optimise the controls and disciplines in its collection operations and workflow management system and it offers training to all of its collection employees about its compliance policies, collection methods and technical systems through its structured induction program.

The Company through its intelligent pricing models developed by its analytics function is offering fair prices for PDL’s. Credit Corp cares about its customers' interest in brand protection and it utilises a customer centric approach to debt collection. The Company’s success is underpinned by its skilled personnel and it is operating 5 sites in Australia. CCP also has major investments in the technology and resources that reinforce its collection operations. This has enabled CCP to build a sound infrastructure geared towards providing sustainable performance over the long term.

Credit Corp Group History

Established in 1992 Credit Corp Group was initially focused on personal and commercial loans. During the following eight years, the Company created new business operations such as credit cards and trade receivables. The Company made its debut on the Australian Stock Exchange in 2000.

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