Collection House Limited (ASX: CLH) is one of the leading debt collection (aka receivables management) companies in Australia. Collection House provides debt repayment solutions to organisations and individuals. Its bread and butter is buying debt (known as Purchased Debt Ledgers or PDLs) from companies. PDLs represents debt that is past due and owed by customers. Collection House buys this debt for a fee and uses its collections team to recover the amount from the company’s customers, earning a margin in the process.
The Collection House Limited (ASX:CLH) share price rose this morning after the company announced it was making an investment in Volt Bank.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX: XAO), is currently down 0.20% at lunch.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently up 0.10% at lunch.
Enjoy a turmeric latte as you digest today’s headlines from the S&P/ASX 200 (INDEXASX:XJO)(ASX:XJO) and Australian finance circles.
Credit Corp Group Limited (ASX:CCP) shares will be under scrutiny this morning after reporting its financial results for the year to 30 June 2018.
Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is up by 0.26% at lunch.
Shares of the $1 billion debt collection and financial services business, Credit Corp Group Limited (ASX: CCP), fell 8% on Tuesday following the release of its half-year financial results.
