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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 court consumers to the tune of 6 billion offers

12 September 2006

Four convicted in $10 million credit card scam

12 September 2006

Bank of America to Consider Launching their Own Credit Card Brand

12 September 2006

Bad loan ratio expected to peak soon in Taiwan

12 September 2006

Citigroup takes lessons learned in Korea to China card market

12 September 2006

Consumers Paying Off more Credit Card Debt

12 September 2006

Internet merchants fight back on fraud

12 September 2006

Venture Announces Plan to Link Credit Cards to Slots

12 September 2006

Bank of America Closing Three Card Services/Collection Call Centers

12 September 2006

U.S. Consumer Credit rose $3.26 billion in February

12 September 2006

European Union Warns Credit Card Companies about Overcharging

12 September 2006

Pier 1 Considering Sale of Credit Card Business

12 September 2006

HSBC, Citigroup Stymied by Chinese Who Pay Credit Cards in Full

12 September 2006

UK Watchdog Orders Banks to Cut Credit Card Charges

12 September 2006

JP Morgan - Kohl's $1.5 billion Credit Card Deal gets Approval

12 September 2006

?Advance-Fee Credit Card? Swindlers Settle FTC Charges

12 September 2006

Dell Credit Reporting Battle Heats Up

12 September 2006

Preliminary Bids for S.Korea's LG Card Due in mid April

12 September 2006

Discover Sees Higher Charge-offs in Second Half of 2006

12 September 2006

Discover Positioning as "Broad-based Payment Company"

12 September 2006

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