Did you know that 99% of domestic violence survivors reported experiencing some form of financial abuse?
Financial abuse focused on maintaining control and limiting a survivor’s access to financial resources. It includes:
- Forbidding a partner to work
- Sabotaging a partner’s employment
- Denying a partner’s access to money
- Hiding assets from a partner
- Taking on credit or utility debt in a partner’s name
The most common forms of financial abuse
Debt collection and credit reporting are the two most common forms of financial abuse. Survivors may experience harassing phone calls from creditors. An abusive partner may open fraudulent lines of credit in the survivor’s name.
Survivors have financial rights
Survivors have financial rights that are critical to physical and financial safety. A survivor has the right to request a creditor cease contact and the right to access an annual free credit report. Being informed of consumer rights and protections can help survivors prepare themselves with information and tools to combat financial control.
With your support, TCFV works to support Texas programs in helping survivors to establish safe, short-term and long-term economic strategies for the entire family. We focus on: financial education, job readiness, tax advocacy, consumer rights, and safety provisions. TCFV trained more than 150 advocates on financial literacy, public benefits, and safe access to child support last year in order to support survivors’ financial independence.