Payday Pundit » Capitol One credit cards http://paydaypundit.org News and Information About The Payday Lending Industry Mon, 21 Jun 2010 13:48:57 +0000 http://wordpress.org/?v=2.9 en hourly 1 Credit card delinquencies rising http://paydaypundit.org/2008/11/17/credit-card-delinquencies-rising/ http://paydaypundit.org/2008/11/17/credit-card-delinquencies-rising/#comments Mon, 17 Nov 2008 12:30:19 +0000 Payday Pundit http://paydaypundit.org/?p=1947 As Sen. Joe Biden might say, “gird your loins.”   We’re heading for more financial shock.  From the story:

In a regulatory filing, the McLean, Virginia-based company said the annual net charge-off rate for U.S. credit cards increased to 6.54 percent in October from 6.34 percent in September, while the rate for loans at least 30 days delinquent rose to 4.48 percent to 4.20 percent.

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