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Capital One chargeoffs in November top 5%

ABCD2199
Senior Contributor

Capital One chargeoffs in November top 5%

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.

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2 REPLIES 2
Moneyklutz
Frequent Contributor

Re: Capital One chargeoffs in November top 5%

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* 

 

 

Message 2 of 3
Dalmus
Valued Contributor

Re: Capital One chargeoffs in November top 5%


@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.

NFCU MR: $25K | Venture: $21K | Amex ED: $18K | NFCU CR: $18K | Amex BCE: $15K | IT #1: $17.5K | PNC Core: $15K | PPMC:  $12K | Wells Fargo: $11K | Savor: 12K | Cap1 QS: $8.5K | Barclays Rewards: $7.75K | IT #2: $7.3K | MLife: $9.5K | Sportsman's Guide: $8.7K | PenFed PR: $5.5K | Elan Plat: $2.3K | TRV: $3.6K | BotW: $3K


Current FICO 8 Scores: EQ: 828| TU: 805 | EX: 814


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