Keith John has been in the debt collection and purchasing sector since 1988.
During the 1990s he developed the state’s biggest traditional debt collection agency, Pioneer Credit Management Services. He sold that business to listed group Receivables Management Group in 2000 as part of a wave of rationalisation in the debt collection industry at the time. Mr John restarted independently as Pioneer Credit in 2003 and, then, sold the business, to Credit Corp, in July 2006.
The current Pioneer Credit business started around the time of the global financial crisis, when debt was especially cheap. A key milestone for it was the purchase of more than $1 million of debt in one month in December 2009.