Credit Clear IPO, page-32

Managing a debt collection agency myself I took a keen interest in this one to understand what they do. They charge for their services and don’t take a cut of the debt off their clients.
Now ironically their float is happening at time when debt will fly through the roof in the next few months due the drop in job seeker and financial institutions asking for their money.
If you think about it, their clients will be requesting their services more than ever to send out SMS and email and that’s the business they want as they charge per email and SMS sent, not the debt collected.