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Coerced Debt and Financial Abuse

Image Credit: finance.yahoo.com

The image above describes the financial hold an abuser can have on your life & your money making you prisoner to the circumstances they created. Domestic violence doesn't always mean physical abuse. Abusers like to be in control, they can take control of your mind, body, emotons, life & money. Slowly breaking you down for their benefit, making things limited and well being difficult for their victim. Communication is important regarding finance and just like everything else in a relationship should be treated with respect, honesty and openly.

Signs of Coerced Debt & Financial Abuse
Identity theft

Demonstrate trustworthiness and would want to control the money and sometimes suggest opening a joint account.

Persuade you to sign over home, assets & power of attorney

Lack of Independence, The bills will be under the victims name to take away from the abusers commitment & responsibility to anything.The abuser will often depend on you as it's caretaker.

Create bankruptcy, debt for the victim with knowledge of their personal information, using credit cards, loans and etc. This will be a challenge for the victim to become financially self sufficient. 

The abuser can manipulate the victim by pretending to support your hard work but it's all self gain to get to & enjoy the fruits of your labor. 

Solutions to Coerced Debt & Financial Abuse
It's easy for someone to suggest to leave, it is the right thing to do but everyone circumstances are different. The abuser can put you in a predicament where it's difficult to do so. Educate yourself, there are resources available to help you whether you have plans to leave or stay.

Close/freeze your accounts 

Provided below are two resources, there are many available as well as close family member, friend, counselor or advocate to help you. I provided two organizations below:

-Safe Horizon safehorizon.org
-National Network to End Domestic Violence: nnedv.org

Remember they're all about having the need to be in control & to have power over the victims life and money. 


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