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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insideARM.com Seeks Content Submissions for The Credit Card Issue
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BofA $5 million Collection Arbitration Settlement May Impact the ARM Industry
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Post-Crash Charge-Offs are Nearly Gone from ARM System
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Getting Current on the Credit Card Sector
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