Tag Archive | “Capital One 30-Day Delinquencies rise”

Rise in Capital One 30-Day Delinquencies from 4.83% to 4.77%

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On Monday it has been said by Capital One Financial Corp. (COF) that those U.S. borrowers who are at least a month behind their card payments has been increased up to to 4.83% in July from 4.77% in June.

increase in delinquenices

According to a regulatory filing Monday, In addition to this, the bank and credit-card issuer have wrote off 9.835% of its card loans last month, which was 9.73% in June.

Sanjay Sakhrani, who is an analyst at Keefe, Bruyette & Woods, has said on Monday in a note that the amount of card debt that has been wrote off in July by Capital One  is trending better than what is estimated by them. Sakhrani anticipates that card losses will be at the peak for the overall industry in the fourth quarter or even early next year.

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