The road ahead for Credit CorpThere have been a couple of interesting developments over the past 12 months for Credit Corp. The first of these is that their two listed domestic competitors; Collection House (CLH) and Pioneer Credit (PNC) will find access to capital more challenging in the future. Collection House has resorted to an unconventional funding arrangement with a US hedge fund whereby they sell future cash flows for an upfront payment. Meanwhile Pioneer will find it tough to raise equity while its accounting policies are under question.
Implications?
The road ahead for Credit CorpThere have been a couple of...
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