Men, Divorcees Owe More Money
June 14th, 2008
Credit Bureau Singapore found in a survey that men and divorcees are likely to owe more money on their credit cards, which typically charge an exorbitant 24% pa interest.
On average, men owe $216 in overdue credit card balance. The figure is $91 for women.
39% of men roll over their balances, while a slightly lower 36% of women do likewise.
Divorcees fare worse. 43% of them roll over their balances. They are also more likely to miss the credit card payments.
So, if you’re male and separated from your spouse, watch out!
