Capital One's 'Deadbeat Report' Improves

Capital One ($COF) is the nation’s 3rd largest credit card issuer and would mail a pre-approved credit card to your dog if it had a vaguely human-sounding name (like Alphie or Mr Waggles).

Anyway, their charge-offs and delinquincies report for February showed a bit of improvement…

From Reuters:

Capital One said the annualized net charge-off rate — debts the company believes it will never collect — for U.S. credit cards fell to 10.19 percent in February from 10.41 percent in January.  Accounts at least 30 days delinquent — an indicator of future loan losses – declined to 5.51 percent from 5.80 percent.

The rest of the credit card companies’ reports are on the way, we’ll see if this data jibes with the positive tone from major retailers we heard last week.

Source:

Capital One Credit Card Defaults Fall in February (Reuters)

What's been said:

Discussions found on the web
  1. make your own diamond painting commented on Sep 18

    … [Trackback]

    […] Here you can find 42233 additional Information to that Topic: thereformedbroker.com/2010/03/15/capital-ones-deadbeat-report-improves/ […]

  2. Dumps With Pin 2020 commented on Sep 27

    … [Trackback]

    […] Find More here to that Topic: thereformedbroker.com/2010/03/15/capital-ones-deadbeat-report-improves/ […]

  3. bitcoin evolution review commented on Sep 29

    … [Trackback]

    […] Find More to that Topic: thereformedbroker.com/2010/03/15/capital-ones-deadbeat-report-improves/ […]