Credit Card Debt News

Collections & Recovery

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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UK Card Issuers Announce Plans for New Credit Data Sharing

12 September 2006

Metris Companies Merger with HSBC Not to be Derailed by SEC Investigation

12 September 2006

Credit Card Rates Likely to Continue Rising

12 September 2006

HSBC Finance Corporation Completes Acquisition of Metris

12 September 2006

MasterCard Shareholders Approve Proposal for IPO

12 September 2006

State Offering Travelling Seminars on Credit Cards

12 September 2006

Japanese Company Launches Mobile-enabled Credit Card

12 September 2006

More Teens Becoming Credit Card Users

12 September 2006

Foreign Partners Eyed in Sale of LG Card

12 September 2006