CCP 0.51% $17.70 credit corp group limited

Ann: Trading Halt, page-42

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  1. 17,235 Posts.
    lightbulb Created with Sketch. 954
    It's a payday loan. looks like a duck and walks like a duck
    Interest rate 47.8% which is .2% under the limit being 48%p.a

    The only difference is they call it a LOC, which could be deemed in fact much worse than a payday loan, as it provides the ability to redraw/reborrow the money, ie: continuing debt trap loan.
 
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