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CCGFF (Credit Group) Accounts Payable & Accrued Expense for Financial Companies


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What is Credit Group Accounts Payable & Accrued Expense for Financial Companies?

Accounts Payable & Accrued Expense for Financial Companies only applies to insurance companies.

Credit Group Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Credit Corp Group Ltd (OTCPK:CCGFF) » Definitions » Accounts Payable & Accrued Expense for Financial Companies
Comparable Companies
ASX:LFG ASX:PPM ASX:LFS ASX:OBL ASX:SVR ASX:HUM ASX:PLT ASX:MME ASX:FSA ASX:PNC V MA AXP COF PYPL BOM:500034 FRA:DC7 DFS SYF BOM:543257
Traded in Other Exchanges
2RC:Germany CCP:Australia
Address
201 Kent Street, Level 15, Sydney, NSW, AUS, 2000
Website
https://www.creditcorp.com.au
Credit Corp operates in the distressed consumer debt market. In its core business, it acquires purchased debt ledgers, or PDLs, in Australia and is expanding this business globally by buying PDLs in the United States. These PDLs consist of unsecured debt that are at least six months in arrears and have already been through a collection process. Since 2012, Credit Corp also diversified its business into providing consumer credit to customers who are unable to gain access to credit from primary sources such as banks because of a poor credit history. Its consumer credit business is gaining scale but is also subject to increased regulatory scrutiny.