Financial abuse (or economic abuse) prevents victims from acquiring, using or maintaining financial resources. Financial abuse is just as effective in controlling a victim as a lock and key. Abusers employ isolating tactics such as preventing their spouse or partner from working or accessing a bank, credit card or transportation. They might tightly monitor and restrict their partner’s spending. Victims of financial abuse live a controlled life where they have been purposely put into a position of dependence, making it hard for the victim to break free.
Form of Financial Abuse
may include an abusive partner:
· Giving an allowance and closely watching how you spend it or demanding receipts
· Placing your paycheck in their bank account and denying you access to it
· Preventing you from viewing or having access to bank accounts
· Forbidding you to work or limiting the hours that you can work
· Maxing out credit cards in your name without permission or not paying the bills on credit cards, ruining your credit score
· Stealing money from you or your family and friends
· Using funds from children’s savings accounts without your permission
· Living in your home but refusing to work or contribute to the household
· Making you give them your tax returns or confiscating joint tax returns
· Refusing to give you money to pay for necessities/shared expenses like food, clothing, transportation, or medical care
If you need help
Visit ONE PLACE Family Justice Center at 530 S. Lawrence Street, Montgomery, Alabama or call 334.262.7378 or if you are in immediate danger Call 911.