Capital One Financial Corp. said Monday that its uncollectible U.S. card loans rose in May.

The McLean, Va., banking company said in a securities filing that it wrote off 9.4% of U.S. card loans on an annual basis, compared with 8.56% reported for April.

Loans 30 days or more overdue declined to 4.9% from 5.04%.

Credit card profits have been under pressure this year as the jobless rate climbed to 9.4% in May, the highest since 1983.

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