Capital One credit card defaults drop, delinquencies rise

Capital One Financial Corp.'s domestic net default charge-offs dropped in August while credit card delinquencies rose in the U.S.

McLean, Va.-based Capital One (NYSE: COF) is the third biggest issuer of Visa cards in the country.

The company, in a regulatory filing with the Securities and Exchange Commission, said charge-offs in the U.S. fell to 9.32 percent from July's 9.83 percent. Internationally they fell to 8.6 percent in August from 9.76 percent in July.

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- Posted: 2009-09-15 11:20:24

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