Credit News
March 2008
March 2008
Target Updates Status of Credit Card Receivables
March 12, 2008
Target announced that it is negotiations with an investment
partner to sell half of Target's credit card receivables. Targets
credit card receivables are associated with its Target Credit Card
and Target Visa Card products. Since September 2007 Target
has been looking for ownership alternatives for its credit card
receivables. Target will receive $4 billion dollars for the sale and if
the transaction is completed it would close by the end of the
second quarter of 2008.
March 12, 2008
Target announced that it is negotiations with an investment
partner to sell half of Target's credit card receivables. Targets
credit card receivables are associated with its Target Credit Card
and Target Visa Card products. Since September 2007 Target
has been looking for ownership alternatives for its credit card
receivables. Target will receive $4 billion dollars for the sale and if
the transaction is completed it would close by the end of the
second quarter of 2008.
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