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CardWorks unit portfolio tops $500 million

Published 1 Min Read

Merrick Bank, a subsidiary of specialty servicer CardWorks and an issuer of subprime credit cards, announced that its outstanding credit card receivables has surpassed the half-billion dollar mark, achieving one of its stated marketing objectives in 2004. Merrick now has over 550,000 cardholders and plans to continue to expand, it said in a release.

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