The following discussion of our financial condition and results of operations should be read in conjunction with our financial statements and the related notes, and other financial information contained in this prospectus.





Overview

Credex has not operated pursuant to its business plan, in 2005 Credex purchased a portfolio of defaulted credit card debt to test the feasibility of its business plan. On a trial basis accounts from the portfolio were collected. The remainder of the portfolio was then sold. Our auditors have raised substantial doubt as to our ability to continue as a going concern. We need a minimum of approximately $100,000 during the next 12 months to begin implementation of our business plan.

We are a development stage company with no revenues or operating history. Our address is 848 Rainbow Blvd, # 2096 Las Vegas, Nevada 89107. The telephone number is 801-243-5661. While our address is in Nevada, our sole officer and director currently operates our business from Utah without an office and through the use of phone and email.

Since our inception, we have devoted our activities to the following:

(1) Purchasing a debt portfolio;

(2) Obtaining bids from professional collectors to collect the portfolio;

(3) Developing contacts from whom to purchase portfolios;

(4) Contracting for operational support; and

(5) Securing enough capital to carry out these activities.





Plan of Operations

As discussed above we have not yet operated pursuant to our business plan. We have generated no revenue in 2019 or 2018.

Comparison of the Years Ended December 31, 2019 and 2018





Lack of Revenues

We have limited operational history. During the year ended December 31, 2019 and 2018 we have not generated any revenue. We anticipate that we will incur substantial losses for the foreseeable future and our ability to generate any revenues in the next 12 months continues to be uncertain.





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Operating Expenses

The Company's operating expenses for the years ended December 31, 2019 and 2018 were $8,150 and $8,250 respectively. Operating expenses in 2019 consisted of professional fees of $7,800 and stock transfer agent fees of $200 and general and administrative expense $150. Operating expenses in 2018 consisted of professional fees of $8,100 and general and administrative expense $150.





Net Loss

During the year ended December 31, 2019 and 2018 the Company recognized net losses of $8,150 and $8,250.

Liquidity and Capital Resources

Our capital resources have been acquired through the sale of shares of our common stock and loans from shareholders and third parties.

At December 31, 2019 and 2018, we had total assets of $0 and $0 respectively.

At December 31, 2019 and 2018, our total liabilities were $73,037 and $64,887 respectively consisting primarily of accounts payable and shareholder loans.

Cash flows from operating activities

Net cash used in operating activities was $8,650 for the year ended December 31, 2019 and was $7,450 for the year ended December 31, 2018. The net cash used in operating activities was related to an increase in operating expenses.

Cash flows from financing activities

Net cash provided by financing activities was $8,650 for the year ended December 31, 2019 and was $7,450 for the year ended December 31, 2018. The cash provided by financing activities was primarily due to shareholder loans.





Cash Requirements

We intend to propagative funding for our activities, if any, through a combination of the private placement of the company's equity securities and the public sales of equity securities.

We have no agreement, commitment or understanding to secure any funding from any source.

Off-Balance Sheet Arrangements

We do not have any off balance sheet arrangements.

Credex has never been in bankruptcy or receivership.





Office

Credex's executive office is located at 848 Rainbow Blvd, # 2096 Las Vegas, NV 89107. The telephone number is (801)-243-5661.

Credex is not operating its business plan until such time as capital is raised for operations. To date its operation has involved only selling stock to meet expenses.

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