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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House Bill would Block Credit Cards for Illegals
7 March 2007
TNB Purchases $16 Million Card Portfolio
6 March 2007
SunTrust Launches New Visa Consumer Credit Cards
5 March 2007
Chase Card Services Announces New Funding for Financial Literacy Organizations
2 March 2007
Citi Announces Changes to its Credit Card Practices; No More Universal Default
2 March 2007
ShopRite to Accept MasterCard PayPass 'Tap & Go' Payments
1 March 2007
MasterCard Alters Fee Structure
1 March 2007
Wells Fargo Considers Credit Cards for Illegals
28 February 2007
83 Financial Institutions Sell Credit Card Operations to Elan Financial in 2006
27 February 2007
FIFA Blocked from Arbitration Against MasterCard
27 February 2007
More Vending Machines Taking Plastic
23 February 2007
Bank of America Defends Immigrant Credit Card Program
23 February 2007
HSBC to Operate the Gottschalks' Credit Card Business
21 February 2007
EU to Take a Hard Look at Visa Practices Next Year
20 February 2007
MasterCard to Launch Advertising Blitz for Contactless Payments
20 February 2007
Barclays Mulling Sale of Subprime Credit Card Business
20 February 2007
Oregon Company Promotes a Zero-Interest Medical Card
19 February 2007
Study Finds Patients Paying with Credit
16 February 2007
Experian's National Score Index Shows 14 Percent of U.S. Population Has More Than 10 Credit Cards
15 February 2007
Maine Bill Considers Parental Consent for Credit Cards
15 February 2007