Sentence examples for consumer receivables from inspiring English sources
Portfolio Recovery Associates collects and manages portfolios of defaulted consumer receivables.
In the case of today's action, some of the decline was presumably the result of the news that, for the moment at least, the TARP will not be buying toxic assets, and instead will be concentrating on recapitalization and perhaps securitizing consumer receivables.
But unlike credit card payments, auto loans and other consumer receivables, medical payments are significantly more difficult to collect.
Losses on consumer receivables, particularly credit cards, rise along with prime home-mortgage delinquencies and home improvement paper.
The company through its subsidiaries purchases and manages portfolios of defaulted and bankrupt consumer receivables and provides a broad range of accounts receivable management services to lenders, service providers, governments, and others.
PayPal announced today it has agreed to sell $5.8 billion in consumer credit receivables to Synchrony Financial, in an expanded relationship between the companies.
In November 2017, PayPal announced it had agreed to sell $5.8 billion in consumer credit receivables to Synchrony Financial as a part of an expanded relationship between the two companies.
"We're pleased that we've completed the sale of our U.S. consumer credit receivables portfolio," said Dan Schulman, president and CEO of PayPal, in a statement.
As part of the deal to sell the consumer credit receivables business, the companies have extended through 2028 their credit card program agreement involving the PayPal Extras Mastercard and the PayPal Cashback Mastercard.
"Our expanded relationship with Synchrony Financial will free up cash currently used to fund consumer credit receivables for other uses, while accelerating our ability to deliver engaging credit and payments experiences for our customers.
(2 Banks that are members of a syndicate of banks and affiliates of such banks, other than their broker or dealer affiliates, if the obligations or pool of obligations consist of mortgage obligations or consumer-related receivables.
