Survey: Women More Likely Than Men To Miss A Credit Card Payment

MoneyTips

What's a sure way to harm your credit score? Being late with payments or missing them completely. On-time payment history is one of the biggest factors in calculating your credit score – and, according to a new survey from CreditCards.com, women are more likely to miss a credit card payment and suffer the credit score consequences.

Out of the 1,000 adults surveyed, 42% missed at least one credit card payment. Almost half (48%) of women admitted missing at least one payment, compared to 35% of men.

Why would women miss more payments? The wage gap may explain some of the difference. According to a report from the Pew Research Center,women earned approximately 82 cents for every dollar that men earned in 2017. Single mothers may fall into the 35% of CreditCards.com respondents who said they missed payments because they didn't have the money – and they may also be in th...

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