Posts Tagged ‘financial abuse’

What steps can survivors take to repair credit damaged by abusers?

December 29th, 2015 No comments

by Amanda Manes of the National Resource Center on Domestic Violence

About Financial Abuse and Credit Repaircredit-repair-1

A significant number of survivors of domestic violence experience financial abuse (also referred to as economic abuse) as part of an abusive partner’s tactics to maintain power and control and to further isolate the victim from resources and support. Research indicates that financial abuse is experienced in 98% of abusive relationships (National Network to End Domestic Violence, 2015). Financial abuse can include limiting a partner’s access to assets, concealing information about and accessibility to family finances, withholding or stealing money, interfering with work, and other tactics. Consequently, survivors often face barriers to economic self-sufficiency, and many find themselves unable to leave an abusive partner – or forced to return – for economic reasons. Read more…

Kerry Washington Sheds Light On An Invisible Kind Of Domestic Abuse from the Huffington Post, 9/16/14

September 16th, 2014 No comments

“The ‘Scandal’ star appeared at an event in New York as an ambassador for The Allstate Foundation, which runs an initiative called ‘Purple Purse‘ to raise awareness of domestic abuse. As the campaign’s spokeswoman, Washington designed a limited-edition purple purse to draw attention to the role of money in abusive relationships.”

Read more:

How to Stop Domestic Financial Abuse from U.S. News Money, 4/26/11

April 27th, 2011 No comments

The article reports, “Financial abuse occurs in 98 percent of abusive relationships, whether in the form of restricting access to a spouse’s credit, or draining assets once a victim attempts to leave. For spouses who see their options gradually dwindle, money may be the reason to stay in a relationship or come back after trying to get out.”

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