CCP credit corp group limited
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Ann: Response to Anonymous Report, page-36

  1. Warnie
    17,308 Posts.
    lightbulb Created with Sketch. 970
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    22/06/18
    14:27
    Post #: 33886119
    So let me get this right.
    They are not payday loans as the fees/ % rate is not as high as mainstream payday lenders?



    Ok then....

    So one should instead compare the CCP "revolving LOC" with a credit card then?

    Is that fair?

    Credit cards are typically 14-22%p.a
    CCP credit line is 48%p.a

    Is that exorbitant for a credit card?

    CCP could say they are a cheaper payday loan than all others
    or a dearer credit card then all others

    So which one are they?

    Why do CCP compare themselves to Nimble on their own website if they are not a payday lender?

    Seems weird doesn't it?
    Why compare yourself to something you are not?

    Why don't CCP compare their costs to an ANZ overdraft facility or a CBA credit card?
    CCP Price at posting: $17.63 Sentiment: Buy Disclosure: Not Held
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    lightbulb Created with Sketch. 1  Great analysis
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