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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Consumer Credit Drops $3.5 billion in October
8 December 2008
Capital One to Acquire Chevy Chase Bank for $520 million
4 December 2008
Declining Credit Card Growth 2008: A (Leaking) Glass Half Full
4 December 2008
Survey Finds Credit Cards Still Have Lure for More Than 12 Million Americans
3 December 2008
Government to Spend $200 billion to Unclog Consumer Lending Market
26 November 2008
Discover Small Business Watch: Small Business Economic Confidence Continues to Fall
24 November 2008
Data Causing Concern for Credit Card Market
20 November 2008
TNB Promotion Adds 500 Cardholders to One Credit Union Portfolio
20 November 2008
Collection Agencies Shifting Strategies in Rough Economy: Survey
19 November 2008
NFCC Urges Credit Card Companies to Adopt Plan to Help Consumers Repay Debts
17 November 2008
TeleTech Attains Payment Card Industry Certification
12 November 2008
American Express Granted Bank Holding Company Status
11 November 2008
U.S. Households will Receive One Billion Fewer Credit Card Offers in 2008
11 November 2008
Consumer Credit Makes a Comeback in September
10 November 2008
RMS Receives Visa and MasterCard PCI Recertification
7 November 2008
Debt Settlement Companies Largely Ignored by Banks
3 November 2008
JPMorgan Chase Completes Ownership Transition of Chase Paymentech
3 November 2008
Debt Buyer Small Business Card Study Announced by The Debt Marketplace
22 October 2008
Credit Card Sector Faces Challenging Period Ahead: Moody's
20 October 2008
Discover Settles Suit Against Visa and MasterCard
16 October 2008