20th June 2019: Today, UK charities Surviving Economic Abuse and Money Advice Plus via the Domestic and Economic Abuse Project (DEAP) launch the consultation on their Economic Abuse Evidence Form. The form has been developed to support victims/ survivors of economic abuse. The consultation seeks responses from the financial services industry and the money and debt advice sector on the form’s development. The introduction of the EAEF will support the financial services industry with delivering on the UK Finance Financial Abuse Code of Practice.
Surviving Economic Abuse also 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:
The launch of the consultation coincides with the launch of a new episode on the Money Advice Trust Vulnerability Matters podcast where the consultation is referenced. For more information, have a listen.
“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.”
“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.”