Credit Corp Group traded at 11.89 this Tuesday February 3rd, decreasing 2.39 or 16.74 percent since the previous trading session. Looking back, over the last four weeks, Credit lost 14.77 percent. Over the last 12 months, its price fell by 23.83 percent. Looking ahead, we forecast Credit Corp Group to be priced at 13.87 by the end of this quarter and at 13.04 in one year, according to Trading Economics global macro models projections and analysts expectations.
Credit Corp Group Limited is an Australia-based debt purchasing and collection and consumer lending company. Its segments include debt ledger purchasing (Australia and New Zealand), debt ledger purchasing (United States) and consumer lending (Australia and New Zealand). The debt ledger purchasing segment purchases consumer debts at a discount to their face value from credit providers in Australia and New Zealand, with the objective of recovering amounts in excess of the purchase price over the collection life cycle of the receivables to produce a return. The debt ledger purchasing (United States) segment purchases consumer debts at a discount to their face value from credit providers in the United States, with the objective of recovering amounts in excess of the purchase price over the collection life cycle of the receivables to produce a return. The consumer lending (Australia and New Zealand) segment offers various sustainable financial products to credit-impaired consumers.