Capital One Sees Surge In Charge Offs http://www.allheadlinenews.com/articles/7014808132 April 16, 2009 9:13 a.m. EST Linda Young - AHN Editor Washington, D.C. (AHN) - Capital One has experienced a surge in charge offs as credit customers in the U.S. default on credit card debt they can't pay. The number of Capital One customers unlikely to pay surged to 9.93 percent in the U.S. in March compared to an 8.67 percent charge off rate internationally. Financial experts say that the growing U.S. unemployment rate is of concern. Historically, rising credit card charge offs have lagged increases in unemployment, but some think that trend might be reversing. Capital One (NYSE: COF) stock has lost half its value since the beginning of the year.