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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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
November: Largest Consumer Credit Growth in a Decade
10 January 2012
Consumer Delinquencies Fall in Most Categories in Third Quarter 2011
5 January 2012
U.S. Bancorp Acquires $700 Million Credit Card Portfolio from B of A Unit
22 December 2011
Third Consecutive Monthly Increase in National Credit Default Rates in November
21 December 2011
Major Banks' Credit Card Charge Off and Delinquency Rates Unchanged in November
16 December 2011
Credit Card Debt Increases Slightly in October
9 December 2011
Mortgage Delinquencies to Rise, and Then Fall in 2012; Credit Card Delinquencies to Remain Steady
8 December 2011
The Round-Up: Lawsuit seeks to stop welfare debt collection from children
1 December 2011
Credit Card Charge-Offs Jump as Delinquencies Near Record Lows
30 November 2011
The Round-Up: Actions speak louder than words with accounts receivable
30 November 2011
Bank Credit Card and Retail Credit Card Lending Grows 45%: Equifax
22 November 2011
Little Change in Major Banks' Credit Card Chargeoff and Delinquency Rates
16 November 2011
National Credit Card Delinquencies Increase, But Remain Near Record Low Levels
16 November 2011
insideARM.com Publishes Debt Settlement White Paper
10 November 2011
Credit Card Debt Declines in September for Third Straight Month
8 November 2011
Total Outstanding Consumer Debt Now Nearly Equivalent to Pre-Recession Levels
3 November 2011
What's Hot for Outsourced Business Services Companies
27 October 2011