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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Consumers Charge up Credit Cards in May
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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
5 July 2007
Web Site Offers Quick Card Comparison
5 July 2007
Delinquency Rate on All Loans Hits High in Q1; Credit Cards Improve
3 July 2007
Discover Stock Off to Ho-Hum Start
2 July 2007
Gap Launches New Credit Card; Old Navy and Banana Republic Included
2 July 2007
Visa to Sponsor 2010 and 2014 FIFA World Cups
29 June 2007
Capital One to Cut 2,000 Jobs
28 June 2007
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
25 June 2007
State Bill would Ban Universal Default in New York
22 June 2007
Sloppy Quarter For Discover As It Preps For Spin Off
22 June 2007
Experian: Subprime Consumers Pay Card Debt Before Mortgage
21 June 2007
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