ABOUT CREDIT CORP GROUP
📊 Credit Corp Group Limited is an Australia-based debt buyer which focuses on the purchase and collection of debt in Australia, New Zealand, and the United States. The Group is Australia’s largest provider of sustainable financial services to the credit impaired consumer segment. The Group works with customers by adopting a flexible approach to agreeing affordable repayment plans and solutions.
📊 The Group works to set operational standards at levels significantly above minimum legal requirements.
📊 To this end, it adopts a strong compliance culture supported by a control framework, and openly engages with consumer stakeholders and regulators for ongoing feedback and assistance. This includes a long-term partnership with Kildonan Uniting Care to promote the proactive recognition and management of financial hardship.
📊 The Group’s lending business responsibly delivers sustainable loans at market-leading fee and interest rates to a consumer segment where choices are limited.
OVERVIEW OF CREDIT CORP GROUP
Credit Corp Group oversees a broad services portfolio, including debt sale, contingency and agency services, local government debt recovery, and hardship and insolvency management. The Group drives growth by effectively pricing investments and managing risk. It objectively analyses large volumes of data to remain market responsive, efficiently allocates resources and ensures an acceptable return on its investments.
The Group’s core debt buying business provides a platform for organic expansion. Diversification provides the ability to continue investing in ongoing growth and the Group develops test models and pilot operations before launching new products or entering new markets, adopting a patient approach towards capital growth.
In terms of the Group’s debt buying services, its clients are the major banking, finance, telecommunications and utility providers. The debts which the Group acquires are generally at least six months in arrears and have already been through a collection process both in-house with the credit issuer and with external service providers. The Group has exported this successful business model to the largest consumer credit market in the world, namely the United States of America. The Group has adapted its operational approach to ensure it grows a profitable business in this market.
The attractiveness of the Group’s loan product is apparent in the rapid growth of new customers and its high retention rate. The Group has leveraged its leading position in analytics, technology and customer interaction, which has reduced costs and resulted in one of the most automated, accurate and responsible lending processes in the industry.
VISION & VALUES OF CREDIT CORP GROUP
Credit Corp Group’s values are embedded in its business approach, which involves maintaining a strong commitment to compliance and fair dealing with its customers to retain positive relationships with regulators and consumer advocates by engaging openly and directly.
Credit Corp is Quality Assurance Accredited to ISO 9001:2008 for the Provision of Debt Recovery Services.
MARKET PERFORMANCE OF CREDIT CORP GROUP
Credit Corp Group Limited trades on the Australian Securities Exchange (ASX), where investors can buy shares under the stock symbol –CCP.
Data from the Group’s 2019 financial analysis shows Net Profit After Tax (NPAT) growth of 9 per cent to $ 70.3 million. Revenue increased by 8% to $324.3 million, and income generating assets increased by 14% to $ 586.5 million. The Group’s earnings per share increased by 5% to 141.9 cents per share, while dividends per share increased by 8% to 72.0 cents per share.
The Group’s history of delivering a strong performance has provided a flourishing share price for investors with good long-term growth in dividends, securing a solid buy-in for investors who choose to purchase shares today.
Before buying any stock or share one has to consider a few factors.
STEP 1: PROPER RESEARCH IS ESSENTIAL
Upon deciding you want to buy CREDIT CORP GROUP Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.
Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.
STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN CREDIT CORP GROUP STOCKS / SHARES
It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a $5 stock, multiply 100 by $5 to get $500.
STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE
Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.
STEP 4: OPEN A BROKERAGE ACCOUNT
A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.
STEP 5: COMMIT AND PURCHASE CREDIT CORP GROUP STOCKS / SHARES
Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out. Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of CREDIT CORP GROUP stocks / shares.
5 Questions to ask yourself before purchasing any stocks or shares.
- Is it the best time to buy this stock / share?
- Should I buy CREDIT CORP GROUP stocks / shares in the current economic climate?
- Can I afford to buy this stock / share?
- What is the forecast of the stock / share growth?
- What is the current price per earning ration on the stock / share?