Capital One Financial Corp. reported that credit card delinquencies for its U.S. business rose to 3.71 percent in November from 3.66 percent in October, while its international credit card business saw a drop in the same period to 4.56 percent from 4.83 percent, according to a Securities and Exchange Commission filing.
Capital One, which shifted from a credit card lender to a bank just before the start of the financial crisis, has benefited lately from improving credit quality and has been working to expand through acquisitions.
Chargeoffs, the loans the lender doesn't expect to recoup, at the U.S. card business rose to 4.46 percent in November from 4.25 percent in October. Internationally, the rate jumped to 8.39 percent from 4.55 percent a month earlier. Auto financing chargeoffs fell to 2.07 percent from 2.14 percent.
Overall, auto-loan delinquencies slipped to 6.44 percent in November from 6.47 percent in October.
