"Credit Corp is Australia’s largest provider of responsible financial services to the credit‑impaired consumer segment. We specialise in working with our customers to provide responsible financial solutions as a pathway to mainstream financial inclusion. Our market is comprised of people who have had trouble with credit. Most consumers in our segment have either defaulted on a previous credit obligation or do not have a stable earnings history. These consumers are excluded from the sorts of readily available finance provided by mainstream lenders that many people in society take for granted."
The above statement is copied from their Annual Report. they do not expect to see their customer return for repeat loans. Their ethos according to their report is to clear their credit history and create a path for their inclusion in mainstream lending if they require future funding.
CCP Price at posting:
$17.26 Sentiment: Hold Disclosure: Held
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