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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New Hampshire Gov. Lynch Signs Law Giving Consumers New Tools To Protect Themselves Against Identity Theft
12 September 2006
Target's Credit Cards on a Hot Streak
12 September 2006
Credit-Card Issuers' Problem: People are Paying Bills
12 September 2006
MasterCard Prices IPO Below Estimated Range; Shares Move Up in Early Trading
12 September 2006
Free Monitoring of Credit Proposed for Nation's Veterans
12 September 2006
Personal Data on Veterans is Stolen
12 September 2006
MasterCard IPO: Not So Priceless
12 September 2006
Visa First-Quarter US Volume Up 17.4% to $318.2B
12 September 2006
Capital One Shares Fall on Analyst Note
12 September 2006
Morgan Stanley builds UK credit card unit with new deal
12 September 2006
Applied Card Not Leaving Huntington Because of McGraw suit, Experts Say
12 September 2006
Credit Cards Go Hi-Tech
12 September 2006
Consumer Credit Expands by $2.52 billion in March, but Credit Card Debt Falls
12 September 2006
Applied Card Closing Huntington Call Center
12 September 2006
Fed's Moskow Says Banks Need to Help Immigrants
12 September 2006
ID Theft is the No. 1 Runaway U.S. Crime
12 September 2006
MasterCard sets IPO terms for 61.5 mln shares
12 September 2006
Pier 1 Mulls Sale of Credit Card Business
12 September 2006
HSBC to Close Former Metris Collection Call Centers
12 September 2006
Consumers Using Tax Refunds To Pay Off Debt, Survey Says
12 September 2006