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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Cap One Credit Cards See Charge-Offs Drop Off
10 April 2008
Like Books and Laptops, Credit Cards a Part of Campus Life
8 April 2008
Consumer Credit Growth Slows in February
8 April 2008
Suit Charges Military Exchange Service with Illegal Collections
7 April 2008
Discover Buys Diners? International Network
7 April 2008
TransUnion: Card Debt, Delinquencies Rose in Fourth Quarter
2 April 2008
Discover Closes Goldfish Sale, Names Top Accountant
1 April 2008
Citi Restructures, Names Freiberg Top Global Card Exec
31 March 2008
GE Unit Brings AmEx Lower Charge Offs, Higher Revenues
28 March 2008
AmEx Buys GE?s Corporate Payments Group
27 March 2008
Getting Current on Pricing in the U.S. Credit Card Debt Purchasing Market
26 March 2008
Experian: UK Consumers Shifting Away From Credit Cards
26 March 2008
Card Issuer Alliance Data and Blackstone Talk Options
24 March 2008
February Charge Offs, Delinquencies Rise at Major Card Issuers
21 March 2008
Judge Dismisses Challenge to Legal Collections Tactic
20 March 2008
As Recession Hits, Medical Bills are Likely to Go Unpaid
20 March 2008
Supermarket Data Breach Exposed 4.2 million Cards to Hackers
19 March 2008
Discover?s Profits Drop after Flushing Goldfish
19 March 2008
Visa IPO Raises $18 Billion, and Big Issuers See $ Signs
19 March 2008
Favorable Collection Laws Boost Scandinavian ARM Success
18 March 2008
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