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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Consumer Credit Slides in July on Big Dip in Credit Cards
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Credit Card Delinquencies Hit All-Time Low as Mortgage Arrears Increase
6 September 2012
The CFPB Complaint System: An Example of Efficiency and Effectiveness
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8 August 2012
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7 August 2012
New Patent Could Turn U.S. Debt Portfolio Market on its Ear
31 July 2012
CFPB's First Enforcement Action Scores $140 million Consumer Refund from Capital One
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Credit Card Debt in May Grows at Fastest Pace Since Recession
10 July 2012
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Consumer Delinquencies Continue Decline in First Quarter of 2012
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