Discover Card wrote off balances for nonpayment at a higher rate in August than the prior month, after seeing improvement the two prior months.
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Discover, Capital One charge-offs fall
Credit card charge-offs and delinquencies improved at Capital One Financial Corp and Discover Financial Services in June as fewer Americans fell seriously behind on credit card payments. The companies said Thursday that their credit card delinquency rates in June fell to the lowest levels this year. Delinquencies are a sign of future losses. Get the full story »
