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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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Citigroup Reports Loss of $2.8 billion, Card Losses Soar

16 October 2008

JP Morgan Chase Sees Credit Card Chargeoffs Rise

15 October 2008

Creditor Small Business Card Study Announced by Resource Management Services

15 October 2008

First Data Becomes First Payment Processor to Offer All Major Alternative Payment Brands

14 October 2008

Composure While Under Pressure

10 October 2008

Australia?s Debt Divide

9 October 2008

Consumer Credit Falls in August for First Time in 10 Years

8 October 2008

JD Group selects ACET Processing

8 October 2008

Discover U.S. Spending Monitor Down 2.2 Points as Consumer Confidence Falls

8 October 2008

Bank of America Releases Poor Results, Cuts Dividend

7 October 2008

Credit Card Charge-Offs Could be the Economy?s Next Big Drag

6 October 2008

Consumer Loan Delinquencies Up Slightly in Second Quarter 2008: ABA

3 October 2008

Justice Department Settles Capital One Debt Collection Complaint

3 October 2008

As Credit Card Companies Cut-Off Consumers, MyECheck Gains in Popularity

2 October 2008

New York Passes Bill to Close Debt Collection ?Loophole?

2 October 2008

Bailout Supporters Received More Contributions from Banks

1 October 2008

Debt Settlement Companies Put Under FTC Microscope

29 September 2008

Two New ARM Businesses Launched in Canada

26 September 2008

Regulators Seize WaMu; Chase to Buy Assets

26 September 2008

Discover May Get $4 Billion from Visa, MasterCard Lawsuit

25 September 2008

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