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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Cavalry Portfolio Services Unveils New Online Payment Center
9 November 2009
Another Big Loss for Consumer Credit Card Debt in September
9 November 2009
Small Businesses Turn To Bibby Financial Services As Credit Card Pricing Soars
5 November 2009
FTC Extends Enforcement Deadline for Identity Theft Red Flags Rule
2 November 2009
Survey Shows that Consumers Opt Against Charging Holiday Purchases
2 November 2009
Fitch: U.S. Credit Card Performance Measures Mixed as Chargeoffs Drop
30 October 2009
Banks Charging Off Debt at a Higher Rate than in Great Depression
28 October 2009
Largest Credit Card Issuers Support New Debt Repayment Programs
27 October 2009
ABA Comments on House Committee Pasage of H.R. 3639, the Expedited Card Reform for Consumer Act of 2009
22 October 2009
Government Report Recommends Significant Changes to FDCPA
22 October 2009
Two Top 20 Card Issuers Choose ALI's OnQ and CallTech for Collections
21 October 2009
CFPA Debated in Committee this Week; Experts Weigh In on ARM Impact
21 October 2009
Stellar Recovery Announces Launch of Debt Buying Business
14 October 2009
Fitch Publishes Credit Card Movers & Shakers With August 2009 Performance
12 October 2009
Consumers Nationwide Pay Down Credit Card Debt in September
12 October 2009
Credit Card Debt Evaporating in U.S.; Down 13 percent in August
8 October 2009
Barney Frank Moves to Push Credit Card Rules on Banks Early
7 October 2009
Average Credit Card Rate Breaks 15 Percent, Hits Two-Year High, According to IndexCreditCards.com Survey
5 October 2009
Consumer Delinquencies Continue Upward Climb In Second Quarter 2009
1 October 2009
CBA President Richard Hunt?s Statement on Early Implementation of CARDS Act
24 September 2009