A credit card receivable is money owed to a bank or issuer on the outstanding balance in a credit card account. Because the borrower is contractually obligated to pay the balance, the creditor expects this amount to be repaid. If a borrower does not repay the balance, it is often charged off as a loss. Since credit card usage is so widespread, and account balances can soar quite high, credit card receivables form the backbone of many financial services functions, such as asset-backed securities, debt collection, and debt buying.
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Apparent Cardholder Data Breach at MasterCard, Visa
30 March 2012
Card Charge-Offs and Delinquencies Fall in February at Major Issuers
19 March 2012
Discouraging Consumer Credit; Encouraging Producer Credit: Is This a Fix?
12 March 2012
Arizona Credit Card Responsibility Bill Heads to Senate
9 March 2012
Credit Card Debt Falls in January
8 March 2012
Moody's, Equifax Project Rebounding Consumer Environment
6 March 2012
Consumers Switched Banks at Increased Rate in 2011; Small Banks and Credit Unions Preferred
27 February 2012
Credit Card Charge-offs and Delinquencies Fall; Mortgage Arrears Still Very High
24 February 2012
Consumer Credit Card Debt Rises; Could Mean Big ARM News Come Spring
22 February 2012
insideARM.com on Forbes: Michael Klozotsky on Debt Collectors as "Chopped" Liver
21 February 2012
Pennsylvania = Freedom! for Credit Card Defaulters
21 February 2012
Major Banks See Credit Card Charge-Offs Slip in January
16 February 2012
Assassinate NINJA Debt with a Rummage Sale
15 February 2012
Turn Around, Bright Eyes: Chase Bank Slows Down Consumer Lawsuits
15 February 2012
Consumer Financial Literacy: Too Important to Ignore
14 February 2012
Consumer Credit Soars in December for Second Straight Month
8 February 2012
Debt Collection Magic: Identity Theft or Wizardry?
3 February 2012
State High Court Scuttles Debt Collection Action Due to Problem Documentation
26 January 2012
Some Card Issuers See Jump in Charge-offs in December, But Not Citi
25 January 2012
Capital One, ARM Firm Settle Credit and Debt Collection Case for $13.5 million
18 January 2012