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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Moody?s Refutes Media Report on Defaults
29 August 2007
Bid for Discover is Mini in Price and Volume
22 August 2007
Collection Management Part of Barclaycard Rise Past $5 billion
21 August 2007
Bank of America to Begin Issuing MasterCard Debit Cards
17 August 2007
Credit Cards Invade Mexico
16 August 2007
NY AG Announces $4.5 million Settlement in Subprime Credit Card Probe
16 August 2007
AmEx Drops HSA Card as Market Slows
14 August 2007
Issuers in Sioux Falls Watch Card Reform Efforts
13 August 2007
Prof Argues Card Issuers Like Bankrupt Consumers
13 August 2007
Card Issuers Focus on Bankrupt Consumers: Report
10 August 2007
Card Spending Sends Consumer Credit Higher
8 August 2007
PCI Standards May Not Apply to Debt Purchasers, Collectors
6 August 2007
Maloney Release Guidelines for Credit Card Issuers
6 August 2007
Credit Losses Take Toll on Two Card Issuers
2 August 2007
MasterCard Profits Skyrocket 93 Percent in Q2
1 August 2007
House Dem to Offer Credit Card Legislation this Week
31 July 2007
First Data International to Acquire Check Forte in Brazil
26 July 2007
GE Unveils Credit Card Dedicated to Reducing Cardholders? Carbon Emissions
26 July 2007
AmEx Quarter Slowed by Loan Loss Provisions
24 July 2007
Credit Costs Sends CITI Cards? Income Down
23 July 2007
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