Capital One Financial Corp’s. (COF) Credit Card Charges Rise To Double Digits

Capital One Financial Corp’s. (NYSE: COF) credit-card charge-offs rose to double digits in December, showing that consumers became increasingly stressed in the holiday shopping month.

Capital One Financial Corp and many others have been struggling with credit concerns as the weak economy and high unemployment pressure balance sheets. Delinquencies give a peek at lenders' potential losses and how much they may need to set aside to cover them. Capital One said that the annualized net charge-off of rate debts the for U.S. credit cards rose to 10.14 percent in November from 9.60 percent in October.