Financial recovery
Financial abuse is one of the most common forms of control. Whether your credit was damaged, your accounts drained, or you were kept from working, you can rebuild. It takes time, but the path is clear.
What to know first
- Open a bank account in your name only if you haven't already. Most major Canadian banks have programs for women leaving abuse, ask when you call.
- Get a free credit report from both Equifax and TransUnion to see where you stand. One free report per year from each.
- A secured credit card, where you deposit a small amount as collateral, is one of the fastest ways to rebuild your credit score.
- Canada Child Benefit, the GST/HST Credit, and provincial social assistance may be available. Apply as soon as you're separated, even if you're unsure.
- If you have significant joint debt, a non-profit credit counsellor can walk through your options. It's free and confidential.
- Financial abuse can be documented. Statements, missing funds, and controlled spending can matter if you pursue legal action.