Credit card defaults in the US increased to 8.06%

Capital One Financial Corp has showed the credit card defaults in the United States rose in February as job losses and unemployment reached a 25-year record.

The data provided by the company states the annualized net charge-off rate used to measure credit default in the U.S. credit cards grew to 8.06 percent in February (from 7.82 percent in January).

Capital One's charge-off rate in auto loans decreased to 4.44 percent in February (6.09 percent in January), and the delinquency rate fell to 7.52 percent (from 9.18 percent).

The rate in international operations rose to 7.20 percent (from 6.10 percent), with the delinquency rate increasing to 6.16 percent (from 5.81 percent).