Women, especially women under the age of 30, generally have a higher delinquency rate and much higher debt balances than their male counterparts. In general, North American women, regardless of ethnicity, are more likely than men to:
- Owe money to more than one institution and have higher delinquency rates.
- Be out shopping, discover they can’t use a credit card because they are maxed out, and phone in to ask for an increase in their credit line.
- Get upset while discussing their sizable debt and their options for repayment.
- Want to chat about other things for a really, really long time. Why they would want to prop their feet up, get comfortable, and talk interminably with a bill collector is beyond me.
- Have a male attached to the debt as an authorized user and dismiss the balance as “his responsibility.” It makes no difference if few if any of the purchases on the account have been made by a man.
- Shop around for lower interest rates.
What about men? Men with another authorized user attached — usually a wife or girlfriend — have higher delinquency rates and are often well over their limit. They are also more likely to be caught unawares by sudden hikes in rates and unexpected monthly fees. I don’t think I will ever hear these words: "I am in charge of making the money and my husband is in charge of spending it.”
https://www.amren.com/blog/2020/11/what ... ney-talks/