What is Financial Abuse?
Exactly what is financial abuse?
Financial abuse can be discreet, with a perpetrator progressively taking control over bank accounts and financial transactions. Financial abuse can also be apparent, aggressive and intimidating. For example, a person may prohibit their partner from working or spending their wages.
Financial abuse consists of:
Financial abuse can be discreet, with a perpetrator progressively taking control over bank accounts and financial transactions. Financial abuse can also be apparent, aggressive and intimidating. For example, a person may prohibit their partner from working or spending their wages.
Financial abuse consists of:
- a person taking total control of budget and money
- limiting access to bank accounts
- supplying an insufficient allowance and keeping track of what their spouse spends money on
- preventing a partner to work
- using a partner’s salary and not permitting them to access it
- stopping them from getting to work by taking their keys or car
- identification theft to get credit
- making use of their credit card with no their permission
- declining to work or make a contribution to household costs.
