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I Just Got Divorced. Is Debt Invalidation a Scam? – Hope

Written by Steve Rhode

“Dear Steve,

Have a lot of unsecured debt just went through divorce. Having hard time making ends meet.

Talked to a company about debt invalidation. Is this a scam?

I don’t think I could afford it because I am at a point where I can’t even pay the min payments on my credit cards but if there was some way I could is it a legit thing.


Dear Hope,

Oh my. Debt validation is the process of asking creditors to prove the debt you owe is valid.

Debt invalidation, from what I’ve seen, is a sales pitch some salespeople promote as some magic cure for debt, which it simply is not.

It is possible to trip up some creditors but I have never seen a situation where anyone eliminated all their debt using this approach.

It’s a long process as well. It’s like hoping you can mow your yard using a pair of hand scissors rather than a self-propelled mower. If you had one debt that was chasing you and had already been sold to a debt buyer then I would say looking at a debt validation approach for an individual debt or two might be something to investigate.

But let’s look at your situation.

Based on my experience, when people go through a divorce they typically go from a two income household to taking on a whole new set of financially responsibilities with less money coming in. I can’t think of a single person that went through divorce and said they were doing better financially than before.

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My personal opinion is that it makes more sense to take a look at bankruptcy in such a situation. Bankruptcy will allow you to get a rapid and fresh start so you can begin building a better financial future.

You can click here to find a local bankruptcy attorney and talk to them for free.

I’d suggest you first read How to Get Out of Debt. The Honest and Unvarnished Truth and The Truth About The Success Rates, Failure Rates and Completion Rates of Credit Counseling, Debt Settlement, and Bankruptcy. They will give you a great overview of what we need to deal with to get you moving in the right direction.

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Then use the free How to Get Out of Debt Calculator to review your options.

Once you’ve identified a company you want to work with, then follow my step-by-step guide on what you should look for and expect from a good debt relief company.

Please post your responses and follow-up messages to me on this in the comments section below.

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About the author

Steve Rhode

Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

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