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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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
U.S. Consumer Credit rose $3.26 billion in February
12 September 2006
Bank of America Closing Three Card Services/Collection Call Centers
12 September 2006
European Union Warns Credit Card Companies about Overcharging
12 September 2006
HSBC, Citigroup Stymied by Chinese Who Pay Credit Cards in Full
12 September 2006
Pier 1 Considering Sale of Credit Card Business
12 September 2006
JP Morgan - Kohl's $1.5 billion Credit Card Deal gets Approval
12 September 2006
UK Watchdog Orders Banks to Cut Credit Card Charges
12 September 2006
?Advance-Fee Credit Card? Swindlers Settle FTC Charges
12 September 2006
Dell Credit Reporting Battle Heats Up
12 September 2006
Discover Sees Higher Charge-offs in Second Half of 2006
12 September 2006
Preliminary Bids for S.Korea's LG Card Due in mid April
12 September 2006
Discover Positioning as "Broad-based Payment Company"
12 September 2006
Bank of America Eyes Credit Card Plan in China
12 September 2006
UK Court Deals Blow to Credit Card Issuers in Appeal
12 September 2006
Visa Issues Cash-Register Flaw Warning
12 September 2006
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