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Credit Group (ASX:CCP) Cash Receipts from Tax Refunds


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What is Credit Group Cash Receipts from Tax Refunds?

Cash Receipts from Tax Refunds only applies to banks and insurance companies.

Credit Group Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Credit Corp Group Ltd (ASX:CCP) » Definitions » Cash Receipts from Tax Refunds
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Traded in Other Exchanges
CCGFF:USA
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.