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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UK Court Deals Blow to Credit Card Issuers in Appeal
12 September 2006
Bank of America Eyes Credit Card Plan in China
12 September 2006
Visa Issues Cash-Register Flaw Warning
12 September 2006
Consumer Group Opposes Capital One-North Fork Deal
12 September 2006
U.S. House Panel to Consider Data Security Bill
12 September 2006
Citigroup Blocks Debit-card Use after non-US Fraud
12 September 2006
Consumer Credit Shows Signs of Picking Up in January
12 September 2006
Visa US Sales Volume Up 17.5 pct to $1.23 trillion in 2005
12 September 2006
Chile to begin Oversight of Non-bank Credit Cards
12 September 2006
January Consumer Spending Surges, Saving Dips
12 September 2006
FTC Settles with CardSystems Over Data Breach
12 September 2006
Former FTC Chair Defends Credit Card Industry in House Testimony
12 September 2006
To Sell or Not to Sell, That is the Question
12 September 2006
Nigerian National Sentenced in ChoicePoint ID Theft Case
12 September 2006
Barclays 2005 Profit Up But Bad Debts Weigh Heavy
12 September 2006
American Express Suspends Credit-card Issuance in Taiwan Over Defaults
12 September 2006
MasterCard Delays IPO to Q2, CEO has Cancer
12 September 2006
Discover to Extend Card Use to Central America
12 September 2006
U.S. Retail Sales Surge
12 September 2006
Morgan Stanley sees Lower 1st-half Discover Losses
12 September 2006