31 July 2003 12:00am

One of the better features of the Australian banking market in recent years is the emergence of a class of consumer lenders that will make loans for an extra margin regardless of a bad credit history.

One of the less attractive features is the emergence of a class of well funded debt collector that will hunt you down over ancient bad debts that many punters would like to think they'd been able to leave behind.

The investor presentation made by Credit Corp in connection with a $3 million share issue summarises the performance of three indicative debt ledgers purchased...