About Baycorp
Baycorp is a leading player in the debt recovery and credit management industry in Australia and New Zealand. The business was established in 1956 in New Zealand, and has operated in Australia since 1999, gaining a strong foot-hold in the Australian market.
The debt recovery industry has developed three core business streams, early arrears customer contact solutions, the provision of commission-based contingency collection services, and the purchasing of portfolios of debt from large consumer credit providers. Baycorp offers each of these solutions to our client base and can tailor specific solutions to a clients individual needs. These are further supported by an in-house legal practice, facilitating the legal path as a definitive debt recovery strategy. The industry has grown significantly over recent years, as a result of:
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Increasing levels of consumer finance, and as a consequence, the levels of impaired debt have increased exponentially
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A concentration at the top end of the market with a small number of well capitalised players, having the capacity to develop efficient technology platforms and acquire large portfolios of debt from credit providers
Having been a large and consistent market force for a long period of time, Baycorp is well positioned to capitalise on its position as an industry leader to shape the industry over the coming years. Baycorp has:
- Clear market leadership position in New Zealand and Australia
- Strong and established “icon” brand, particularly in New Zealand
- The only full service debt recovery business covering the geographically diverse markets of Australia and New Zealand
- Broad customer base across a multitude of industries and sectors