capital one

Capital One (COF) said its credit card defaults rose slightly in September, a sign that more people may be struggling to repay their debts. Capital One said its annualized net charge-off rate, a measure of the debts the company does not expect to ever be paid off, was 8.38% in September, Reuters...

Four of the top six credit card issuers reported an increase in the number of debts they they wrote off as uncollectable in August. But there were a few positive signs as well.

We here at WalletPop tell you over and over again to read the fine print in anything you receive from your credit card company, but a new study aimed to figure out just how forthcoming card companies are before you even get to the fine print. Website CardHub.com evaluated credit card applications...

Moody's is reviewing 10 large regional banks for possible downgrades because it thinks financial reform means total government support is now less likely. That's setting off a debate about whether those banks will actually take a hit to profitability.

Capital One said the annualized net charge-off rate -- debts the company believes it will never collect -- for U.S. credit cards fell to 9.48% in May from 9.68% in April.

Loyal reward card users should tread carefully. Make one misstep, such as a late payment or exceeding the credit limit, and you could lose your ability to redeem points. Even worse, if the credit card issuer decides to close your account for any number of reasons, you could end up losing all of...

It's no revelation that big banks have an image problem these days. And to add proof to what we'd already suspected, a new report from Forrester Research shows that America's biggest banks are the least trusted banks in the country. Forrester Research ranked almost 50 financial services firms in...

A bank just upped the ante to get your business. Last year, as we wrote about on WalletPop, banks were routinely giving out $100 in cold, hard cash to any customer willing to sign up for a bank account. Now SmartMoney.com is reporting that Capital One just began advertising that it will give $200...

Capital One's charge off rate jumped from 9.04% in October to 9.60% in November, indicating the increased number of accounts that Capital One (COF) does not believe it will collect. This comes as little surprise. Moody's has previously predicted that charge-offs for credit card companies will peak...

While we may be seeing some signs of improvement in the economy, credit card companies are certainly not getting any benefit from the improvement. September delinquency rates increased at five of the six top credit card companies when compared to August rates, according the LowCards.com CEO Bill...