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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Cap One?s Card Income Rises 28%
20 July 2007
Loss Provision Rise Sends WaMu Card Profits Down
20 July 2007
Chase's Card Income Falls as Charge Offs Rise
18 July 2007
Capital One Survey: More Teens Eager To Learn About Money
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Maine Begins Financial Literacy Program for Students
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Check Processor Says 2.3 million Consumer Records Stolen, Sold
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Visa to Sponsor 2010 and 2014 FIFA World Cups
29 June 2007
Capital One to Cut 2,000 Jobs
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UK Credit Regulator Floats Credit License Rules
27 June 2007
China Bankers See Cards Expanding Consumer Banking
27 June 2007
Visa Announces Earnings, Restructuring in Advance of IPO
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State Bill would Ban Universal Default in New York
22 June 2007
Sloppy Quarter For Discover As It Preps For Spin Off
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Experian: Subprime Consumers Pay Card Debt Before Mortgage
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