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.
Filter by Location
Discover?s October Charge Offs Fall
19 November 2007
Merger Costs Send First Data Profits Down
15 November 2007
Your Own Newsletter Powered by insideARM.com? Hello, by the way
15 November 2007
Card Securitizations Should Remain Strong Despite Mortgage Problems
13 November 2007
Revolution Card Faces Stiff Challenges: Report
12 November 2007
Visa Files Registration Notice for $10 billion IPO
12 November 2007
Americans are Borrowing More to Make Ends Meet, Report Says
9 November 2007
Visa to Pay AmEx $2.25 Billion in Settlement
8 November 2007
Consumer Credit Growth Slows in Sept; Credit Cards Lead the Way
8 November 2007
U.K. Bankruptcies Down as Banks Deny More Card Applicants
8 November 2007
CompuCredit Reports Loss of $53 million
7 November 2007
Recession Inevitable, Card Charge Offs to Rise: Analyst
1 November 2007
Profits Jump 63% for MasterCard
31 October 2007
Advanta Ups Loss Provision 60% as Net Rises
25 October 2007
Quarter Positive but AmEx Sets Aside More for Losses
23 October 2007
Celent: $250 Billion Opportunity for Healthcare Payment Cards
23 October 2007
Alliance Data Profit Drops 40% as Takeover Nears
22 October 2007
Cap One Card Profits, Charge Offs Rise
19 October 2007
BofA Card Income Falls 25 Percent on Credit Costs
18 October 2007
WaMu Cards? Receivables Rise as Income Drops
18 October 2007