Capital One sees charge offs slip in February

The amount of seriously delinquent credit card balances that needed to be written off by one of the nation's top lenders slipped again in February.

Capital One Financial recently announced that it saw its U.S. credit card charge off rate fall to 3.84 percent in February, down significantly from the previous month's total of 4.08 percent, according to a report from RTT News. In all, those writedowns amounted to a total value of $173 million, well below January's $189 million.

At the same time, delinquent credit card accounts, which were 30 days or more behind on payments, slipped to 3.62 percent of all balances, the report said. That's considerably less than January's 3.78 percent. In all, February delinquencies account for $1.94 billion in balances, down from $2.08 billion the month before.

Charge offs and delinquencies can have a serious negative impact on consumers' credit standing, but so too can unfair or errant markings on their credit reports. By working with a credit repair company, consumers can mitigate these problems and work to recuperate their credit standing.