Capital One (COF) reports deteriorating credit quality in October, the 30-day delinquency rate...

|About: Capital One Financial Co... (COF)|By:, SA News Editor

Capital One (COF) reports deteriorating credit quality in October, the 30-day delinquency rate rising to 3.66% from 3.52% previously. Charge-offs on credit cards rose to 4.25% from 3.93%, for auto loans to 2.14% fro 1.97%. The numbers jibe with a report from Fitch showing worsening U.S. credit performance in October for the first time in a year.