Women hold back
Women tend to be reluctant to borrow: only around a third of them apply for a loan, as evaluations have shown such applications. Most women act out of necessity and not to fulfill a specific desire to consume. Men act differently on this point and are more likely to buy consumer goods. At the same time, women are almost twice as likely to apply for credit because of financial constraints.
Open bills and arrears in particular are the reasons for borrowing by women, although it is striking that they are particularly often affected by debts at retirement age. At the same time, they have more difficulties repaying a loan than men and often apply for a loan in order to be able to repay existing debts. However, they tend to forego the purchase of pure consumer goods and everyday items.
Various reasons for borrowing
The reasons for paying bills by credit are not excessive consumption, but rather the fact that women's income is generally lower. They are more likely to work part-time and have a lower income from having a baby. In the event of divorce or death of the partner, a large part of the household income is lost, so that a financial bottleneck arises more quickly
Men, on the other hand, apply for a loan rather for luxury reasons and want to use it to finance their dream car. Men under the age of 25 in particular act in this way. In addition, they pay off investments more often via a loan and buy bitcoins or securities, for example. From a financial point of view, they are often more willing to take risks than women and are more likely to accept the high risk of losing invested money.
These differences between men and women are also striking:
- Women are more likely to finance training through credit
- Men borrow larger amounts
- Men are with the Application for credit older (most often between 30 and 34 years, for women the average is between 25 and 29 years)
all in all it can be said
Men tend to treat themselves to luxury goods and new cars with borrowed money, and they also tend to invest the money from the bank in riskier investment products such as bitcoins. Women, on the other hand, use loans more often to settle outstanding bills or to redistribute debt. In addition, women are more likely to put money into their own further training, which is less common for men with a loan.
If you are also interested in a loan, you should check out the various personal loan offers with one before concluding a contract Check credit comparison. Only then can you be sure that you are taking advantage of a good offer that also meets the conditions on offer.
Source: comparis.ch
