Capital One chargeoffs in November top 5%

[Anonymous]

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

"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.

[Moneyklutz]

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* 

[Dalmus]

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@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* 

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 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.