Finance company agrees to halve debt of victim of economic abuse

July 25, 2022

An Auckland finance company’s decision not to pursue a woman for the whole of a loan she was left with after an abusive relationship is a precedent other lenders should take note of, says charity, Good Shepherd.

Nicola Eccleton, social inclusion manager at Good Shepherd NZ, said the woman had incurred the debt after being coerced into guaranteeing a car loan during an abusive relationship. When she ended the relationship last year, and her former partner stopped making repayments on his loan, Aotea Finance pursued the woman for the whole loan.