Capital One Financial loan losses grow - Wichita Business Journal:

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McLean, Va.-based Capital One said in a Securities and Exchangre Commission report Wednesday that it gave up on expectinyg payment on almost 10 percent of itsoutstandin U.S.-credit card loans last month, chargintg off $527.8 million in accounts as Capital One’s charge off rate on its U.S. credigt card portfolio rose to 9.73 percent, the thirdr straight increase. The bright spot for the U.S. credig card portfolio was that the delinquencyh rate of cardholders at least 30 days late on payments declineedto 4.77 percent, the third straight decrease. $3 billionh worth of loans in Capital One’sd $64.7 billion U.S.
portfolio was delinquent at the end of the CapitalOne (NYSE: COF) wrots off 9.26 percent, or $67.9 million, of its Internationall credit card during the The international delinquency rate held steadgy at 6.69 percent as $578 million of the $8.634 billion portfolio remaining delinquent. The charge-offv rate at Capital One’s auto finance unit rose for a secondc monthto 3.89 percent as the company declared $64.9 million The auto delinquency increased for a third straighy month 8.89 percent with $1.78 million of the $19.9i billion portfolio remaining delinquent.