We know that talking about financial abuse can be hard, especially if you or someone you know might be affected. We want to help you spot financial abuse and stop it from harming you or someone you care about.
What is financial abuse?
Financial abuse is when someone tries to control your money or how you use it. Financial abuse is also called ‘economic abuse’.
Anyone can suffer from financial abuse, but it often affects older people and those in close or abusive relationships.
How can you tell if someone is the victim of financial abuse?
It can be hard to tell if you or someone you know is being financially abused. Financial abuse can look different for everyone, but here are some warning signs:
- Makes you explain everything you spend money on;
- Takes out loans or credit in your name;
- Builds up debt in your name;
- Takes your money by threats or pressure;
- Stops you from using your own money.
Getting help from charities and groups
There are charities and other groups that can help you. They can give you legal advice, help you find a safe place, and more. You can find out more in the UK Finance leaflet called 'It’s Your Money'. Here are some other charities and groups that you can contact:
Action Fraud is the UK’s national reporting centre for fraud and cybercrime, providing up-to-date alerts on common scams and advice on what to do if you become a victim.
Take Five is a national campaign offering advice on how you can protect yourself against fraud.
Stop! Think Fraud is a national campaign which provides anti-fraud advice to the public and signposts victims to relevant organisations for further advice and support.
CIFAS is the UK’s fraud prevention community which can support victims of fraud through information requests and protective measures against your personal details.
ScamSmart from the FCA is a campaign which provides a warning list to help identify and avoid scams and allows reporting of scammers.
Crimestoppers is an independent UK charity which allows anonymous crime reporting.
Get Safe Online offers practical advice on protecting your personal information and finances online.
NCSC offers valuable tips and information on safeguarding your digital life, including securing your accounts and recognising phishing attempts.
How can we help you?
