Debt business booming as households struggle with bills
Credit Corp Group, which buys bad debts at a discount and collects them, is on track for another record result this year. The listed business posted a record $105.5 million net profit in 2025/26 and is targeting between $112 million and $120 million this financial year. Chief executive Thomas Beregi told shareholders the purchase of one of HSBC's run-off credit card books was a key driver. Its consumer lending arms grew almost a fifth in the September quarter, led by its Wallet Wizard loans, which carry an annual interest rate of 47.8 per cent.