Credit Corp Group Limited (ASX: CCP) is Australia’s largest debt buyer, called purchased debt ledgers (PDL), and collector. The company purchases past-due consumer and small business debts from major banks, finance companies, telecommunication companies and utility providers in Australia, New Zealand and the USA. It has been operating for over 25 years and also runs the ‘Wallet Wizard’ short term lending brand.
The Credit Corp Group Limited (ASX:CCP) share price has sunk 15% after the debt collector announced its FY23 result.
If you care about investing in ASX shares with high returns on capital (CFROIC), Breville Group Ltd (ASX: BRG), James Hardie Industries (ASX: JHX) and Credit Corp Group Ltd (ASX: CCP) should be at the top of your watchlist.
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The S&P/ASX 200 (NDEXASX:XJO) price bounced on Tuesday, with the All Ordinaries (ASX:XAO) price also overcoming RBA interest rate rises. CSL Limited (ASX:CSL) shares popped.
Credit Corp Group Limited (ASX: CCP) has kicked off the February earnings season with a record first-half result increasing profit by 8%.
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The Credit Corp Group Limited (ASX:CCP) share price is rising after the debt collector delivered a strong result in FY21.
