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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Former Chase Exec Makes Debt Sales Allegations in Lawsuit
10 March 2010
Credit Counseling Services See Annual Credit Card Fees Returning With the New Credit Card Act in Place
8 March 2010
Exploring Rising Complaints Against Debt Collectors
5 March 2010
Experts Say New Credit Card Rules will Significantly Impact ARM Industry
3 March 2010
Numbers from the ARM Industry?s First Virtual Trade Show
26 February 2010
Credit Card ARM Inventory to Remain Strong as Charge Offs Spike
24 February 2010
Consumer Credit Scores Drop in January 2010
18 February 2010
Firstsource Signs Three-Year Deal With Unirush LLC
16 February 2010
Average Credit Card Debt Drops to $3,752 Per Adult, $7,394 Per Household
11 February 2010
Credit Card Offers Make a Comeback to US Households: Synovate Mail Monitor
11 February 2010
Oliphant Acquires Assets of Performance Capital Management
9 February 2010
Adeptra Reflects On 2010 Demand for True Multi-Channel Communications
9 February 2010
Canadian Financial Company Intoduces A Balance Transfer Credit Card Program
4 February 2010
TransUnion Study Finds More Consumers Making Payments on Their Credit Cards Before Their Mortgages
3 February 2010
Veda Advantage Credit Demand Index - October to December 2009
2 February 2010
TransUnion Only Credit Bureau to Provide Multiple Income Models to Help Financial Services Firms Meet New Requirements of Credit CARD Act
28 January 2010
Credit Card Statements Will have A New Look in February, NFCC Works with Lenders
26 January 2010
State Attorney General Goes After Capital One for Debt Collection and Re-Aging
25 January 2010
East Capital Explorer, East Capital Financials Fund and Intrum Justitia Jointly Invest in Russian Non-Performing Consumer Loan Portfolios
25 January 2010
Consumers Cutting Credit Card Usage and Debt on Eve of Reform, First Command Reports
22 January 2010