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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Charge-Offs Continue To Mount
15 April 2009
Kaulkin Ginsberg Calculates U.S. Consumer Credit at Risk of Default Increased Over 25 Percent in February
14 April 2009
Money One FCU?s $8 Million Card Processing Lands at TNB Card Services
13 April 2009
Credit Card Debt Shrinks at Fastest Rate in 30 Years in February
8 April 2009
Consumer Delinquencies Continue Rising as Recession Intensifies in Fourth Quarter: ABA
2 April 2009
Credit Cardholders? Bill of Rights Gets New Life in New Congress
25 March 2009
National Auto Loan Delinquency Rates Increase 7 Percent To Close 2008: TransUnion
17 March 2009
Gesa CU Selects TNB to Process its $15 Million Credit Card Program
16 March 2009
Pitfalls of Paying Taxes with a Credit Card
13 March 2009
Fitch: Spiraling U.S. Credit Card Delinquencies Point to Record Defaults
11 March 2009
Tarrant County Credit Union Expands Processing Partnership with TNB Card Services
10 March 2009
TransUnion.com Quarterly Credit Card Analysis Reveals Delinquency Rates up 11 Percent
10 March 2009
Consumer Credit Gains in January Led by Cards
9 March 2009
Consumer Credit Performance Continues to Weaken As Card Chargeoffs Soar
4 March 2009
Getting Current on Pricing in the U.S. Credit Card Debt Purchasing Market
3 March 2009
Chetco FCU Selects TNB as Its Card Partner
2 March 2009
EFA Processing Honored as a Leading Provider by Forbes Magazine
24 February 2009
Economic Confidence Remains Flat among Small Business Owners; Little Relief Expected from Stimulus Package
23 February 2009
TNB Brings Card Personalization to CU Cardholders
23 February 2009
ABA Testifies on Regulatory and Legislative Initiatives Affecting the Credit Card Industry
13 February 2009