Capital One (COF) said its credit card defaults rose slightly in September, a sign that more people may be struggling to repay their debts.
Capital One said its annualized net charge-off rate, a measure of the debts the company does not expect to ever be paid off, was 8.38% in September, Reuters reported. The rate was 8.19% in August.
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Capital One Says Credit Card Defaults Rose Slightly in September originally appeared on DailyFinance on Fri, 15 Oct 2010 08:29:00.