Financial abuse is a form of control where someone steals, misuses or restricts another person’s money, assets or financial independence. It is an abuse tactic used to create dependency, which can make it hard for a survivor to leave the relationship.
Financial abuse may include:
- Restricting someone from working, attending school or using their own bank accounts.
- Stealing money or benefits, using a person’s bank cards without permission or forging signatures.
- Giving a partner a strict allowance, demanding receipts for all transactions and preventing access to bank accounts.
- Taking out loans and/or credit cards in the survivor’s name or forcing them to pay bills that they are not responsible for.
- Pressuring someone to change their will or sign over power of attorney.
- Withholding money for essential items such as food, medication or clothing.
- A carer or family member misusing direct debit payments, benefits or moving into a home rent-free against the wishes of the homeowner.
Financial abuse often begins subtly, making it difficult to recognise in its early stages. What may initially seem like small or isolated incidents can gradually escalate into more controlling and harmful behaviour over time.
Early warning signs might include unexplained shortages of money, unexpected or sudden debt, missing personal belongings, or feeling pressured or forced into financial decisions without full consent or understanding.
This type of abuse can happen in any relationship, romantic or familial, and is never the survivor’s fault. Everyone deserves autonomy, dignity, and the freedom to manage their own finances.
If you think you or someone you know may be experiencing financial abuse, support is available. You are not alone, and you are not to blame.
Need support?
Solace provides expert support for women and children affected by domestic abuse in London, including counselling, advocacy, and safe housing.
