Credit Corp Group Limited is an Australia-based company. The Company is engaged in the debt purchase and collection, mercantile collections and process serving. Its segments include Debt ledger purchasing, Legal practice and Mercantile collections. Its debt ledger purchasing segment purchases consumer debts at a discount to their face value from credit providers with the objective of recovering amounts in excess of the purchase price over the life of the receivables. The legal practice provides legal services to the Company’s debt ledger purchasing business. The mercantile collections operates through an agency or commission-based model for a specified period of time. In February 2009, the Company sold its process serving business. In March 2009, it sold its Perth mercantile collections. In August 2008, the Company sold its Malaysian mercantile collections business. In July 2008, the Company sold its subsidiary Credit Corp Services Malaysia Pty Limited.