Credit Corp shares smashed as US debt repayments shrink
Liam WalshReporter
Key Points
- Credit Corp shares tumble after earnings downgrade.
- Debt collector says more US customers are dumping repayment plans.
- Says Australian operations are performing to expectations.
Shares in Australian debt collecting giant Credit Corp have slumped almost a third after the company took a tumble on chasing money owed in the US.
Sydney-based Credit Corp has a sizeable US operation and more Americans were dumping debt repayment plans, the company said on Wednesday.
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