How Financial Abuse Works
Recognizing the signs of economic control and exploitation.
It's About Control
Financial abuse is a tactic used by abusers to gain power and control in a relationship. It involves controlling a person's ability to acquire, use, and maintain financial resources, thus threatening their economic security and potential for self-sufficiency.
This can include: preventing you from working or getting an education, controlling how money is spent, giving you an "allowance," hiding assets, stealing your identity or money, or running up debt in your name without your knowledge.
The consequences of financial abuse are severe. It can leave a survivor with damaged credit, debt, and legal issues, making it incredibly difficult to leave the abusive situation and establish independence.
If it's safe to do so, start by gathering your important financial documents. Consider talking to a financial advocate at a local domestic violence service. They can help you create a plan to build financial independence.
Many local service providers have advocates who specialize in financial abuse. They can help you with safety planning, budgeting, and accessing resources.
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