... 1: U.S. Population by Race, Buying Power and Income) This prompted a national buying spree. But with a slower economic environment in 2000 and 2001, many people were struggling to make their monthly payments. Credit card delinquency began to rise, with an industry average of over 6.4%. However, rather than using blanket formulas when issuing cards, which most credit card issuer's were doing, Capital One kept a tight rein by offering their customers lower credit. They were also requiring well-balanced credit ratings. Maintaining this cautious fiscal policy through the years has helped Capital One achieve an annual charge-off rate of only 4.42%, the lowest rate of any major lender. The overall conservative lending practices of Capital One prove that they are knowledgeable with how to protect the bottom line at a time when more and more consumers are concerned that credit card companies are not doing enough to protect their ...

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