- This year is the year of 'coerced debt' for me. #CoercedDebt is debt that was taken out in ur name, without ur consent or knowledge, and/or u were forced, coerced/threatened into taking out. It's a common & devastating outcome of #economicabuse which up to 99% of #domesticabuse victims experience.Jan 6, 2025 10:01
- It's time we recognise coerced debt for what it is & stop the devastating impact it has on victims & their children. Currently, there is no economic justice for victims & recognition of coerced debt by relevant bodies is inconsistent at best.
- Proposed rulemaking such as that by the Consumer Financial Protection Bureau in the #UnitedStates is very welcome. "Issue of 'coerced debt' warrants rulemaking activity with the expectation that abuse survivors will experience significant increases to their credit scores." shorturl.at/k1Xi4
