Delinquencies tip Credit Corp into loss
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.
Source: bankingday.com
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Credit Corp shares smashed as US debt repayments dwindle
Inflation might be putting a squeeze on how many people can pay back debts in the US, hurting the Sydney-based collection giant.
Source: afr.com
Credit Corp Group Limited's (ASX:CCP) CEO Compensation Is Looking A Bit Stretched At The Moment
Key Insights Credit Corp Group's Annual General Meeting to take place on 23rd of October Salary of AU$674.7k is part of...
Source: yahoo.com
Banking Day
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.
Source: bankingday.com
Credit Corp's 15 per cent share price plunge is great news for Australia's economy and consumers: Chanticleer
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.
Source: afr.com