Chargeoffs on U.S. credit cards rose in November, snapping a two-month run of drops from an all-time high in August, Moody's Investors Service said Tuesday.
Chargeoffs were 10.6% for November, compared with 10% in October.
The rating agency also said the delinquency rate rose for the fourth straight month, to 6.2%.
Moody's also said delinquencies are likely to keep rising "through much of the winter months" because of seasonal trends.
The agency said it still expects the rate for chargeoffs to peak somewhere between 12% and 13% in mid-2010.
The payment rate, or percentage of the principal balance cardholders repay each month, fell to 16.4% in November from 17.3% in October.