Special Valentine's Day Report Spotlights "Credit Battle of the Sexes"

New Credit Sesame study explores whether men or women manage their credit better

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Feb 11, 2016, 06:15 ET

Leading consumer credit and personal finance company Credit Sesame reports that men lead women in overall credit scores - even though they have more debt.

MOUNTAIN VIEW, Calif., Feb. 11, 2016 /PRNewswire/ -- Leading consumer credit and personal finance company Credit Sesame reports that men lead women in overall credit scores – even though they have more debt.

"We were surprised to find that men still maintain the advantage for securing credit – in every age bracket and nearly every U.S. market," says Adrian Nazari, Founder and CEO of Credit Sesame.

Select report results include:

Men have higher credit scores than women overall. Though income is not technically a factor for calculating credit scores, men make more money and may have more flexibility to manage their credit. Nearly one in five, or 18% of women in this analysis, reported earning $75,000 or more annually, compared with 23% of men.
The credit discrepancy widens with age. Though men have higher credit scores across all age groups, the gap is largest among those 65 and older, where men maintain a 15 point advantage.
Men carry more credit card debt than women, with an average balance of $3,854. But because their credit limits are higher, they are using less of their available credit.
Women are more likely to have five or more collection accounts than men, which can cause a significant drop in a consumer's credit score. In states including Nevada, Montana and West Virginia, nearly one third of women and over 20% of men have five or more collection accounts.

Click here for Credit Sesame's full "Credit Battle of the Sexes: Who Manages Credit Better and Why?" report. The report analyzed a subset of Credit Sesame's seven million members across the nation.

About Credit Sesame
Credit Sesame is a free personal finance service helping people effectively manage their credit and loans. As a strong consumer advocate, we give our users the free tools they need to make smarter financial decisions - 100% free credit score, report card, credit monitoring and bank-level analytics. Our users are empowered to take control of their credit and loans to better achieve their financial goals with minimal effort and maximum impact. www.creditsesame.com

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SOURCE Credit Sesame