Thomas Beregi News Today

Debt buyer and lender Credit Corp made a loss in six months to December after increased delinquencies in its US purchased debt ledger book triggered an impairment of US PDL assets.

Inflation might be putting a squeeze on how many people can pay back debts in the US, hurting the Sydney-based collection giant.

Key Insights Credit Corp Group's Annual General Meeting to take place on 23rd of October Salary of AU$674.7k is part of...

Debt buyer and lender Credit Corp has reported a “sustained deterioration in collection conditions” in its US business, foreshadowed an impairment of the value of its US purchased debt ledger assets and slashed its earnings guidance.

Investors punished distressed lender Credit Corp after it revealed good news for the rest of us. The number of Australians who can’t pay their bills is hardly rising.

Boards are showing more restraint when it comes to chief executive salaries. But is that about to change?

Credit Corp’s net profit slumped 30% on provisioning and US resourcing costs, yet guidance remains the same.

Despite profits jumping, the debt collector has forecast weak flows from Australian credit cards.

The Credit Corp Group Ltd (ASX: CCP) share price is down 15% as investors digest the company’s full 2022 financial year results.

Large debt collector Credit Corp Group [ASX:CCP] saw its shares plummet on Tuesday after flagging a weak outlook.