What is economic abuse and how can it be prevented? : vimars

What is economic abuse and how can it be prevented?


Lloyds Banking Group is launching a new tool that will help to identify economic abuse, verify evidence of coerced debt and prevent such incidences from escalating further.
The Economic Abuse Evidence Form has been developed together with Surviving Economic Abuse, a charity trying to tackle the problem.
It comes as three in five domestic abuse victims have been forced into debt by their partners, according to data from SEA.
The average debt per domestic abuse victim is £4,600 with a typical person being indebted to an average of five creditors.
Money control: According to Surviving Economic Abuse 60% of domestic abuse victims have been forced into debt (picture posed by models)

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