The first quarter of 2017 saw Capital One write off 5.1% of its debt as bad debt (compared to 3% at Chase.) This is the highest level of debt write off for Capital one in nearly a …Credit Card Defaults: Disaster Looming?307Kaz NejatianShantanu GangalFollowAug 9, 2017 · 1 min readThe Capital One stock seems to be solidly up over the last 12 months, though.