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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Credit Card Companies Need to Understand Retention - Report
12 September 2006
Lawyers say Debt Collector Not Breaking Any Rules
12 September 2006
MasterCard to Enable Item Level Authorization for Healthcare Transactions
12 September 2006
NFAN Alerts Consumers to Credit Repair Scams
12 September 2006
Credit Card Issuers Banking on Payment Technology
12 September 2006
JP Morgan Chase Restating Cash Flow Reports on Loan Misclassifications
12 September 2006
MasterCard Reports a Loss for Q2 on Charitable Donation
12 September 2006
Barclays CEO: Too Soon to Call UK Bad Debt Peak
12 September 2006
Vengroff Partners with GE Business Credit on Receivables Financing Solution
12 September 2006
Washingon Post Advises Consumer to Pay in Full
12 September 2006
Debit Card Use for Back-to-School Spending Doubles, MasterCard Survey Show
12 September 2006
Banks Offer Card Perks Only to Clients
12 September 2006
Chevy Chase Bank Settles Credit Card Suit
12 September 2006
Telemarketers Selling Bogus Credit Card Protection and Healthcare Plans Settle FTC Charges
12 September 2006
HSBC Profit Soars, But Bad Debts are Piling Up
12 September 2006
Some Card Issuers Turn Away from Direct-mail Pitches
12 September 2006
Bank of America notifying customers about stolen data
12 September 2006
Wachovia Unveils New Payment Card Strategy
12 September 2006
Senator Reid Victim of Identity Theft
12 September 2006
Lawsuit Filed Over CardSystems Data Breach
12 September 2006