A recent article released new info that charged off credit card debt in the U.S. continues to rise for credit card companies like Capital One.  Most analysts believe that the credit crunch will continue as home foreclosures, delinquencies, charge-offs and debt settlement cases keep rising. Finance giant, Capital One reported that they charged off $524.9 million in U.S. credit card debt in July, which is equal to an annualized net charge off rate of 9.83%, the highest charge-off rate of the year. It is also up from June’s rate of 9.73%.  Read the complete credit card news post >Credit Crunch and Tightened Home Financing

Share and Enjoy:
  • Print
  • Digg
  • Sphinn
  • del.icio.us
  • Facebook
  • Mixx
  • Google Bookmarks