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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Card Debt Prices Dropping as More Paper Hits Market
17 March 2008
Target to Sell Half of Card Portfolio
13 March 2008
ED Collection Contract Leaders Hold Serve in February
13 March 2008
Credit Card Charge Offs Tick Up but Yields Remain Strong: S&P
11 March 2008
Skittish Consumers Threaten the ARM Industry
11 March 2008
Credit Card Spending Grew 7 percent in January: Fed
10 March 2008
Regulators, Chase Target Debt Settlement Firm Hess Kennedy
10 March 2008
Economic Data Piling On in Favor of Recession
7 March 2008
Discover: Consumers Worried About Economy, Spending Stalls in February
5 March 2008
Downturn Forces Issuers to Change Card Risk Models: TowerGroup
5 March 2008
S&P Casts Wary Eye on Credit Card ABS in 2008
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Discover?s CEO Paid $22 Million Last Year
27 February 2008
Banks Worldwide Writing Off More Debt for 2007
26 February 2008
Card Group, and its Debt, Grow for Target During Weak Year
26 February 2008
Banks Profits Fell 27% last year: FDIC
26 February 2008
Steady Rise for Credit Card Charge Offs, Delinquencies
25 February 2008
Visa?s IPO Could be Worth $18.8 billion, a Record
25 February 2008
Citi Captures Defense?s 1.2 Million Travel Card Program
22 February 2008
APAC Turns Around, CompuCredit Turns Down in Quarterlies
19 February 2008
Card Issuers to Hire Collectors, Focus on Risk, as Economy Falls
15 February 2008