Fact - men really are risky

Posted in 'Credit Reports' by Lisa Maskell

17 June 2008

It’s a little known fact that we girls are better at managing credit than blokes. By a fair margin.

Sadly, this makes no difference to the way our credit applications are assessed. It did make a difference, until the Sex Discrimination Act 1986 was enacted, forcing lenders to remove gender from their credit scorecards. Up to that point, it was easier for girls to get credit, as it was statistically proved that the chances of a man paying late or defaulting are greater than for female borrowers.

So while no-one would want to return to the days before sex discrimination was outlawed, just remember that it’s the fellas who have reduced your chances to maximise your credit. So make them pay for that new little black dress next time, to make up for it.

Women may be at less risk of defaults, but are more at risk at identity theft, because of the amount of essential junk we all carry in our handbags and purses. Check out our free identity theft assessment test to get personalised advice on what you need to do to help reduce the risks of falling victim to identity fraud.