Big props to the ladies, who apparently as a group have succeeded in kicking men’s asses when it comes to debt and credit! That being said, guys, come on. Time to step up your game.
New York, NY (PRWEB) May 25, 2013
RoadFish.com men’s lifestyle and finance magazine today issued their observations regarding the results of a very recent survey performed by Experian which revealed that U.S. female consumers handle their credit and debt better than men. RoadFish.com congratulated women on their financial success and chided men, encouraging them to step up their financial game.
On May 22, 2013, Mitch Lipka of Reuters reported that one of the three major credit reporting bureaus, Experian, scrutinized 750,000 credit reports and came up with some shocking discoveries about the data found on women versus men’s reports. Lipka writes that according to the survey, men earn 23% more than women however females tend to have higher credit scores, less debt, a lower mortgage, and less past-due credit lines.
RoadFish.com sent out congratulations to its female readers for collectively “schooling” the men in finances. RoadFish.com’s Senior staff writer is quoted as saying, “Big props to the ladies, who apparently as a group have succeeded in kicking men’s asses when it comes to debt and credit! That being said, guys, come on. Time to step up your game. I’m not encouraging you to get your financial houses in order just to keep up with the chicks—but that would be a nice bonus. In all honesty, having a good credit score, good credit record, bills paid on time, and debt being chipped away at just ensures peace of mind to a consumer. That is certainly something money can’t buy. And all of those things can, in one way or another, save you money in either the long or short term.”
In the above-mentioned Reuters article, Lipka states that Reuters got a sneak peak of the survey results before they were actually released and found that the average female credit score was 675 as opposed to the male average of 674. In addition, the survey revealed that women have 4.3% less than men and a 2% lower credit utilization rate. Also, more men than women have mortgages that are more than two months past due.
RoadFish.com offered some tips to men to help them get and stay on financial track. RoadFish.com’s Senior staff writer is quoted as saying, “Okay guys, the good news is, bad credit is reversible, debt is capable of being paid off, and more than earning tons of money all it really takes is discipline. I would recommend starting off by keeping a monthly budget. Use it to find out what expenses you can cut out, and use the extra dough to put towards paying down consumer debt. After all, the longer you have debt, the more interest you’re paying—so it’s costing you to have debt. To get your credit in good shape, you should be checking your free credit score report once per year. You can get one for no cost from each of the three credit bureaus every year. If you’re paying your bills on time, not using too much of your available credit, and paying down debt, you should see that credit score inch up. There you have it, fellas. Get going!”
The Reuters article divulged that according to the Experian survey, when it comes to consumer debt like auto loans and credit cards, on average men carry $26,227 in debt as opposed to women, who generally carry $25,095. When it comes to mortgages, the survey found that the mortgage held by an average man is $187,245 while a female’s mortgage is $178,140.
RoadFish.com is a popular online publication for men, generally in their 30’s and 40’s, who have enjoyed a fair amount of success in life and embrace the challenge of setting new goals for themselves. RoadFish.com’s article topics include hot chicks, online dating suggestions, restaurant reviews, and top location picks for a luxury vacation. RoadFish.com also offers credit and debt advice, publishing articles on personal finance and bad credit versus no credit. RoadFish.com is owned and operated by Purpose, Inc.
Fish.com men’s lifestyle and finance magazine remarks about a Reuters article which revealed a sneak peak of an Experian study comparing the financial and credit habits of American male versus female consumers