Thanks spider5. There are repeat customers and yes you are...

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daicosisgod

14,645 Posts.

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30/07/24

16:52

Post #: 74986500
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Originally posted by spider5 ↑

"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.

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Thanks spider5. There are repeat customers and yes you are correct to say CCP tries to rehabilitate previously delinquent customers.

I am posting about repeat customers because that is what CCP executives have communicated to me following on from attending AGM’s etc

Cheers……D

CCP Price at posting: $17.32 Sentiment: Buy Disclosure: Held
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