Uncollectible loans fell in June for Discover Financial Services.

The Riverwoods, Ill., credit card company said Wednesday that it wrote off 8.75% of U.S. card loans on an annual basis in June, compared with 8.91% in May.

Loans 30 days or more delinquent, an indicator of future losses, fell to 5.27% from 5.32%, the third straight monthly decline.

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