How Credit Corp (ASX:CDA) Swallowed Its Biggest Competitor

1 min read

Debt collection is risky business but pays off more for the financially astute  The pandemic struck debt collection companies hard. Their PDLs (purchase debt ledgers — the debt you bought from other companies and you wish to collect yourself) were greatly impaired (loss in value) because if people were out of work, how could they pay back their debt? Despite this, at least one Australian debt collection company, Credit Corp, managed to survive well while its closest competitor, Collection House, sunk. Financial Discipline  The biggest difference between Credit Corp’s and Collection House’s financial statements was the flow of cash. Both companies showed…...

This article is free to read

Login to read the full article


By subscribing to our main site, you will also be subscribed to DDIntel - our regular letter showcasing our featured articles and applications.

Jason Huynh I'm a data analyst who enjoy reading annual reports. My hobbies include exercise, cooking and being a well rounded dad. I work as an analyst in the higher education sector in Australia but my passion is in investing. I used to believe that data could solve everything but it wasn't until I read Charlie Munger's "Poor Charlie's almanack" that I realised that I've been thinking in silos all this time and I really needed to expand my experiences and reading. What concerns me about life is making silly choices and following the trend aimlessly. I believe in critical thinking and serving others as I would like to be served.