topic Re: Capital One chargeoffs in November top 5% in Credit in the News

Capital One chargeoffs in November top 5%

Anonymous — Fri, 15 Dec 2017 18:56:45 GMT

http://www.foxbusiness.com/features/2017/12/15/capital-one-credit-card-charge-off-rate-tops-5-in-november.html

"Capital One's credit card charge-off rate rose to 5.16% in November from 4.7% a month earlier. The auto loan charge-off rate declined to 2% from 2.21%. The company's credit card portfolio is about twice the size of its auto loan portfolio."

OUCH.

Re: Capital One chargeoffs in November top 5%

Moneyklutz — Sat, 16 Dec 2017 02:23:23 GMT

There's still some money to be potentially borrowed as they just recently bumped me by 2k on my QS. If that charge off rate continues to increase however... *gulp*

Re: Capital One chargeoffs in November top 5%

Dalmus — Mon, 18 Dec 2017 19:49:13 GMT

@Moneyklutz wrote:
There's still some money to be potentially borrowed as they just recently bumped me by 2k on my QS. If that charge off rate continues to increase however... *gulp*

They just CLI'd me from $15K to $18K. If they keep losing money on defaulters, we can expect more rounds of CLD's due to non-use of the enetire credit line.