Surviving Economic Abuse, shares findings from its founding project which reveals that 6 in 10 domestic abuse survivors are struggling with coerced debt.
The Economic Justice Project (EJP), launched in 2017, aims to challenge the repayment of debt that has been coerced. The mid-term report of the Economic Justice Project shows that 60% of women in an intimate partner relationship report that their partner:
● Made them take out a loan or buy something on credit when they did not want to.
● Built up debt under their name.
● Took out a loan or bought something using credit in their name without their permission.
In addition to these findings, SEA is working in partnership with Money Advice Plus via the Domestic and Economic Abuse Project (DEAP) to develop an ‘Economic Abuse Evidence Form’ (EAEF) which will further measure the scale of the problem and develop a uniform system by which to present evidence and request that debt which is coerced is written off. The DEAP partnership launches its consultation on the form today, to engage creditors, the financial services industry and the money and debt advice sector on its development.
The introduction of the EAEF will also support creditors with delivering on the UK Finance Financial Abuse Code of Practice.
The launch of the consultation coincides with a new episode on the Money Advice Trust Vulnerability Matters podcast where the consultation is referenced. For more information, you can listen here.
“He would take my cards and gamble with them.”
“The ex-partner made her run up debts on these which are now unaffordable for her to repay.”
“Perpetrator used to take out various mobile phone contracts in her name. He said he would pay them, but he never did. He made her take them out in her sole name. This is the same with Lloyd’s credit card and Vanquis credit card.”
“He used to have her PIN number, he used to steal her bank card and take money. She was at the [bank] when the lady said she could give client a loan of £6,000. The client said she didn’t want it, but the perpetrator was trying to make her take it. The staff member then said she will leave them alone to discuss it between themselves. Client said she felt that the [bank] worker shouldn’t have done this as it had nothing to [do] with her partner and shouldn’t have put her in that position. She was coerced into taking the loan out against her will.”