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Credit Card Charge-Off Portfolios: Market Structure Basics

Liquidity, packaging, and buyer competition in the largest consumer charge-off market.

Credit card charge-offs remain a core secondary market product because issuance volume is large and buyer infrastructure is mature. Still, packaging quality separates top-quartile outcomes from mediocre ones.

What buyers emphasize

  • Freshness vs deeply placed accounts
  • FICO/origination signals when available
  • Balance tiers and fee composition
  • State mix and prior agency notes

Seller packaging checklist

Clean tape, consistent flags, sample media, and clear sale timeline. Transparency reduces bid variance and reopening of terms later.