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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Number of Third Party Debt Collection Accounts Plummets, But Balances Rise
15 November 2013
CFPB Targets Bank of America Credit Card Services, Debt Complaints
7 November 2013
CFPB Releases Debt Collection Complaints Data, and Here It Is
6 November 2013
The Debt Pipeline: Young Adults Shed Debt During Recession
5 November 2013
Retail Credit Card Grows, Despite Flat to Slightly Rising Credit Card Debt Overall
5 November 2013
Credit Card Debt Falls for Third Straight Month
8 October 2013
Consumer Delinquencies Rise Slightly in Q2 but Remain Near Historical Lows
8 October 2013
Delinquent Debt Increases 17 Percent Over Past Five Years
27 September 2013
Debt Collectors Look to Help Each Other Achieve PCI-DSS Compliance
27 September 2013
CFPB To Host Field Hearing in Chicago on Consumer Credit Card Market
26 September 2013
Judge Dismisses Case that Named 12 ARM Firms and Questioned Entire Collection System
24 September 2013
Chase Debt Collection Investigations May Not be Over
23 September 2013
Chase Consent Order Has Broad Impact on Debt Collection Industry
20 September 2013
The Glass is Half Full for Collection Professionals
19 September 2013
National Credit Default Rates Decreased in August 2013
18 September 2013
Credit Card Debt Declines for Second Straight Month
10 September 2013
Credit Card Balances Increase Year-Over-Year for the First Time in 5 Years
29 August 2013
Accounts in Debt Collection Remain Near All-Time High
26 August 2013
Executive Change: Wells Fargo Debt Chief to Lead FLOCK Business Development Efforts
21 August 2013
Will New Federal Standards Destroy Debt Buying Industry?
1 August 2013