Debt collector Credit Corp has foreshadowed a slowdown in its core business of purchasing distressed debt ledgers, but expects its growing consumer lending business to take up the slack.Credit Corp made a net profit of A$34.8 million for the 12 months to June - an increase of 16 per cent over the previous corresponding period. Revenue was up 26 per cent to $174 million.The company's return on equity was 23.2 per cent.Debt ledger purchases in the June half were $28 million less than in the December half. Year-on-year debt ledger purchases were up only 5.8 per cent, from $137 million in 2012/13 to $145 million in the year to June.The company is forecasting that it will purchase between $70 million and $90 million of debt ledgers in the 2014/15 year.Credit Corp chief executive Thomas Beregi said in a media statement: "Adherence to return principles in the face of strong pricing competition for debt ledgers resulted in a reduction in Credit Corp's share of major forward flows. "While debt ledger purchases [in 2015] are not expected to reach the record levels achieved in 2014, the core domestic debt buying business will produce solid earnings growth in 2015."The face value of the company's distressed debt portfolio rose from $4.5 billion in December to $4.7 billion in June.The consumer lending division, which was launched in 2011/12, increased settlements from $17 million in the December half to $31.6 million in the June half. The consumer loan portfolio was worth $63 million at the end of June. The division specialises in lending to credit-impaired consumers. Products in the portfolio include CarStart Finance, MoneyStart Loan and ClearCash.Lending generated 40 per cent of the company's revenue growth in the year to June.Beregi said: "The transition of the consumer lending business to profitability [in 2014/15] will make a significant contribution to Credit Corp's earnings growth."On the downside, Credit Corp's expansion into the US debt ledger market, which started in 2010/11 has not gone as well as hoped. Beregi said the business had contained its losses and was "positioning for upside".