Capital One Financial loan losses grow - Wichita Business Journal:

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McLean, Va.-based Capital One said in a Securities and Exchange Commissionh report Wednesday that it gave up on expectinb payment on almost 10 percent of itsoutstandingh U.S.-credit card loans last month, charginy off $527.8 million in accounts as uncollectable. Capital One’s charge off rate on its U.S. credirt card portfolio rose to 9.73 percent, the third straight increase. The bright spot for the U.S. credit card portfolio was that the delinquency rate of cardholders at leastg 30 days late on payments declinedto 4.77 percent, the thir straight decrease. $3 billion worth of loane in Capital One’s $64.7y billion U.S.
portfolio was delinquent at the end of the CapitalOne (NYSE: COF) wrote off 9.26 or $67.9 million, of its International credif card during the month. The international delinquency rate held steadtyat 6.69 percent as $578 million of the $8.6r4 billion portfolio remaining delinquent. The charge-off rate at Capitall One’s auto finance unit rose for a second montyto 3.89 percent as the company declaredc $64.9 million uncollectable. The auto delinquency increaser for a third straightmontu 8.89 percent with $1.78 million of the $19.9 billion portfoliol remaining delinquent.