NEW YORK, Dec 15 (Reuters) - Capital One Financial Corp (COF.N), one of the largest issuers of MasterCard and Visa credit cards, said on Monday credit quality deteriorated in several areas of lending in November, as unemployment grew and the economy eroded.
In a regulatory filing, the company said the annual net charge-off rate for U.S. credit cards increased to 6.98 percent in November from 6.54 percent in October, while the rate for loans at least 30 days delinquent rose to 4.70 percent to 4.48 percent.
Net charge-offs reflect loans that a lender does not expect to be repaid.
In auto loans, the charge-off rate increased to 5.60 percent in November from 5.50 percent in October, while the delinquency rate rose to 9.48 percent from 9.14 percent.
In international operations, the charge-off rate fell to 5.17 percent in November from 6.15 percent in October, while the delinquency rate rose to 5.44 percent from 5.30 percent.
Reporting by Juan Lagorio; editing by Derek Caney