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Date Published : Friday, February 01, 2008
Women are more reliable than men when it comes to paying bills and repaying debt, according to the latest research from a credit reference check facilitator.
The results of research issued by Veda Advantage ahead of Valentine's Day has been branded a "warning" to potential couples by the company over the issue of relationship debt.
This issue - when someone takes on another's loan, debt, bill or other expense - is more of a problem for women that men, according to the research, but woman are less likely to default on a loan or other form of credit.
Men accounted for 54.7 per cent of all defaults picked up by Veda when it carried out a review of credit activity from the past five years.
"Love may be blind, but financial relationships - in particular debt or credit arrangements - are best entered into with your eyes wide open," said Erica Hughes, general manager of information, services and solutions at Veda.
She added that women were found to be primarily responsible for gas, water and electricity bills, with Ms Hughes pointing out that this is "quite a big responsibility" as it is a form of credit.
The research revealed that 58 per cent of women were likely to have a utility bill in their name, compared with 42 per cent of men.
Veda Advantage recently advised consumers how not to become financially over-committed or over-stretched in 2008, suggesting Australians set up a budget during the first quarter of the year.
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