Sunday, November 11, 2007

Housing woes hurt credit cards (Daily Press)

Capital One Financial Corp. on Friday reported an increase in loan charge-offs and delinquencies in October, a sign the credit card giant is feeling the effects of the housing slump. Capital One said the rate of net charge-offs was 3.28 percent last month, on a managed basis. That's up from an average 2.86 percent rate during the third quarter. For the McLean, Va.-based company's National ...

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[Source: Yahoo! News Search Results for credit cards]

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