Financial abuse is a serious problem that affects many people, especially those who are vulnerable or elderly. It is important to be aware of the different types of financial abuse so that you can protect yourself and your loved ones from becoming victims.
The three main types of financial abuse are borrowing money and not giving it back, stealing money or belongings, and taking pension payments or other benefits away from someone.
Borrowing Money and Not Giving it Back
This type of financial abuse is when someone borrows money from another person and then does not pay it back. This can be done by a family member, friend, or even a stranger. The borrower may promise to pay the money back, but never does. This type of financial abuse can leave the victim feeling betrayed and taken advantage of.
Stealing Money or Belongings
This type of financial abuse is when someone takes money or belongings from another person without their permission. This can be done by a family member, friend, or even a stranger. This type of financial abuse can leave the victim feeling violated and violated.
Taking Pension Payments or Other Benefits Away from Someone
This type of financial abuse is when someone takes away pension payments or other benefits from another person without their permission. This can be done by a family member, friend, or even a stranger. This type of financial abuse can leave the victim feeling powerless and helpless.
It is important to be aware of the different types of financial abuse so that you can protect yourself and your loved ones from becoming victims. If you think you or someone you know is a victim of financial abuse, it is important to seek help from a trusted source.
Financial abuse is a serious problem that affects many people, and it is important to be aware of the different types of financial abuse so that you can protect yourself and your loved ones from becoming victims. By understanding the different types of financial abuse, you can take steps to protect yourself and your loved ones from becoming victims.
This article was written on 26th October 2018.
