Credit Corp's Medium-Term Outlook Is Cloudy

Credit Corp is a major purchased debt ledger acquirer in Australia, with long-term share of between a quarter to a third of the market. It is also a minor debt collector in the US market with an estimated share of around 7% in fiscal 2025. PDLs are mainly acquired from banks and financial institutions, and are mostly unsecured credit card debt that are at least six months in arrears and already been through a collection process. Other forms of debt purchases include outstanding telephone or utility bills.