Being single and broke is no fun. Trying to leave an abusive relationship with little to no economic security can be far worse. Depending on the specific arrangements you might have had with your partner, there are several financial traps you can find yourself in. Obviously, the first course of action is to remove yourself from the situation and get out of harm’s way. Sadly, victims stay in these dangerous situations for a variety of reasons, often because of financial pressures.
Let’s have a look at three financial traps known to ensnare survivors of domestic abuse:
Trap # 1: Housing.
Lives become quite entangled in relationships, abusive or not. Sharing actual physical space does not make things any simpler. The odds can stack up against you pretty quick when suddenly forced to move as a result of abuse (if you are not permitted to stay). You may find yourself:
- Without income;
- Without a rental history;
- Without your support system.
Any one of these will make finding a place to stay quite difficult. You may have relied on the abuser’s income. He or she may have been one of your only references. Worst of all, the abuser may have supplanted your friends and family as your support system. It is not uncommon for abusers to weave webs other than financial ones. Without a support system, that rules out staying with friends and family. Without income or rental history, that leaves the option of staying at a local shelter. There are social services organizations that will agree to serve as references if you are trying to rent. Other agencies provide employment and subsidized housing for domestic abuse survivors.
Trap # 2: Limited access to funds.
Few couples wish to see their union as a corporate merger but all too many exes have a change of heart when it is already too late. Trusts and joint bank accounts equal limited access to funds after a marriage ends. If your ex is abusive, you may wish to cut all ties but some of those ties are your only link to money that is yours. A divorce lawyer will help you sort out what belongs to who, what is being done with the money and if you are entitled to credits, however, in the meantime, your access to marital funds could be limited and ideally, so will your contact with your ex.
Trap # 3: Credit damage.
Even the most jaded individual must sometimes find it hard to believe the lengths an abusive person will go to when looking to harm a partner. Imagine what such a person can do when given access to credit. It is all too common and, unfortunately, so is being saddled with huge amounts of debt by an abusive ex. He or she may even go so far as to take out a loan or line of credit in your name. Now, add credit damage to the pile of hindrances as you search for housing, try to buy a car or land a job.
Domestic abuse continues to leave no shortage of victims but it does leave a shortage of available lawyers. This office, however, remains committed to representing parties in all types of domestic violence situations and will be happy to make an appointment to see you. Together, we can navigate even the most troubling financial obstacles.
Fabrikant Law Is Here To Help
If you need assistance with a Domestic Violence issue in Central New Jersey call (732) 659-4109 or click the button below