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Credit Corp Group Limited (ASX: CCP) Share Price and News

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Credit Corp Group Limited (CCP) is Australia’s largest debt buyer and collector, providing financial services in the credit-impaired consumer segment. The company operates 2 key divisions: debt buying and lending. 

Its core business is debt buying, in which Credit Corp purchases defaulted consumer debts from major banks, finance companies, telcos and utility providers in both the ANZ and US regions. From here, Credit Corp works with these consumers to develop a payment plan. On the lending side, Credit Corp provides consumer loans through brands such as Wallet Wizard and ClearCash.

Founded in 1992, Credit Corp shares have been listed on the ASX since 2000. Over the decades, the Credit Corp share price has been trending upwards, but as a credit company, its shares took a big hit in the wake of the GFC and COVID-19.

Credit Corp Group Limited (ASX: CCP) Latest News

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