GETTING HELP FROM FINANCIAL ABUSE




Anyone can experience financial abuse. It can occur no matter your age, where you live, your occupation, your abilities or disabilities, your sexuality, your gender, your religion, your ethnicity, your skin colour, your residential status, your education, your social class, whether you live with your partner, whether you have children or whether you are in a monogamous relationship, have more than one partner or if you are no longer in a relationship. Financial abuse can also occur in other family relationships. This can be between parents and children, between relatives or in any family-like relationship such as with carers or housemates. Although it can happen to anyone, like other forms of family violence, the vast majority of violence is perpetrated by men against women.

The effects of financial abuse are often devastating. Victims feel inadequate and unsure of themselves due to the emotional abuse that accompanies financial abuse. They also have to go without food and other necessities because they have no money.In the short term, financial abuse leaves victims vulnerable to physical abuse and violence. Without access to money, credit cards, and other financial assets, it's extremely difficult to do any type of safety planning.

How to Get Help

If one is experiencing financial abuse, there are steps that one can take to protect oneself. Leaving the relationship is often the best solution. Other strategies that you can use to protect yourself and get help:

Protecting  personal information: Contacting bank and credit card company and ask them to chang account information, including your PIN and access codes. Once  changed , do not share them with anyone else.

Access your credit report: Find out more about your financial situation by requesting a free credit report from annualcreditreport.com. Doing this will allow you to see if your abuser has opened up other accounts or lines of credit in your name. 

Prepare for the future: If you cannot leave your abuser immediately, you can take steps to prepare for the future. Open a new account and hide cash where your abuser cannot find it. 

Find support: Talking to trusted loved ones can provide support, care, and encouragement. Loved ones may also offer resources, such as housing and financial support if you decide to end the relationship.

REFERENCE-

https://www.verywellmind.com/financial-abuse-4155224

https://www.wire.org.au/financial-abuse/

~By Tanvi Meena


Comments

  1. Sajan KesariDecember 5, 2022 at 10:44 PM

    well written
    got good information by author.
    keep the blog coming.

    ReplyDelete
  2. T shivani raoDecember 7, 2022 at 2:14 AM

    This would be of great help to so many...thanks for covering financial abuse

    ReplyDelete

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