Commercial Financial Services (CFS) is a company that charged-off credit card receivables purchased, securitized, and then tries to collect on the receivables. The case deals with how the company makes money and the limits of securitization as an efficient financing strategy.

Commercial Financial Services (CFS) is a company that charged-off credit card receivables purchased, securitized, and then tries to collect on the receivables. The case deals with how the company makes money and the limits of securitization as an efficient financing strategy.
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from
Kenneth A. Froot,
Ivan Farman
Source: Harvard Business School
27 pages.
Publication Date: Oct 14, 1998. Prod #: 299023-PDF-ENG
Commercial Financial Services, Inc.: Securitization of Charged-off credit card receivables HBR case solution