Debt collector Credit Corp posts record earnings as households struggle

Summarised from 2 outlets · Updated 27 Oct, 02:19 · Archive

Australia's largest debt collector posted record earnings as household financial pressures drive demand for collections and consumer lending.

Credit Corp Group, Australia's largest listed debt collector and consumer finance provider, has posted record net profit of $105.5 million in 2025/26 and is targeting further record earnings of between $112 million and $120 million in the current financial year.

The company buys bad debts from other businesses at a discount before collecting them, and also provides high-interest consumer loans to people struggling to access credit. Chief executive Thomas Beregi told shareholders at the group's annual meeting in Sydney that rising living costs and interest rates are pushing more households to take out unsecured credit. He said the company's purchase of part of HSBC's credit card portfolio and increased investment in New Zealand debts were key drivers of its current trajectory.

Credit Corp has scaled back a debt-buying spree in the United States due to higher costs but views the US market as strategically important, with household debt there reaching $US18.8 trillion. Mr Beregi said if operational improvements and price easing allow the company to hit its metrics, 'we could find ourselves investing many hundreds of millions of dollars in the US'. Household debts have been soaring across all the company's target markets as inflation and rising interest rates bite.

How it is being reported

• Debt business booming as households struggle with billsAustralia's largest listed debt buyer and collector and consumer finance provider, is on track for more record earnings as households grapple with tough times.Perth Now · 27 Oct, 01:48
• Debt business booming as households struggle with billsAustralia's largest listed debt buyer and collector and consumer finance provider, is on track for more record earnings as households grapple with tough times.The West Australian · 27 Oct, 01:48

In this story: Credit Corp Group · Thomas Beregi · HSBC · Australia · United States · United Kingdom · New Zealand

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