"The Australian PDL market is cooked and profits have halved...

"The Australian PDL market is cooked and profits have halved since the peak"
I do believe that there is a trend in the PDL market which supports the your above a statement - certainly over the short term and possibly over the long term. My experience in the credit industry in both assessing credit and later managing the collection of it tells me that in the last decade the way in which a debt is viewed by the judicial system, national politics and business has slowly and subtly changed to a point where society sees that the terms of money lending contracts are no longer set in concrete and are generally avoidable or changeable if you know what to say. During the Covid period the Fed Govt made it clear to lenders that they expected that the collection of contract payments should be relaxed at any hint of stated difficulty and lenders should look to be flexible, extend payment periods, lower payment terms and generally be as helpful as possible. I am not saying that lenders should not have done this nor am I saying that most ethical lenders did not already have such policies in place to some extent. However it became a very overt and general public declaration by the Feds and unfortunately it is human nature for many in our society to take full advantage of such changes. With Covid still hanging in the air ( I have it at the moment) and a further declaration of "cost of living crisis" weighing on all of us the expectations on lenders continues to be the same - be flexible, extend terms etc. This causes those normally bad and critically impaired debts to be held by the lenders for longer periods while they meet the now societal and Fed Govt expectations. PDLs consequently become difficult to source - particularly the more viable debts which just require skilled negotiation or treatment to finalise. Some of the lenders like banks are now holding those debts, offering those extended terms and agreeing to late or reduced payments. It seems that the ability to ask for flexibility on repayments and length of repayment period is no longer a privilege extended by the lender but almost the borrower's right. Now that these relaxations of contract law have permeated business for so long I see it as staying in place and cannot be considered to be short term aberration. So Pioupiou may be right when he asks about CCP considering further diversity in their business.