DEBT VALIDATION

Lot's of reasons:
1. Make sure the person trying to collect can rightfully collect on the debt, otherwise they are not the 'owner' of the debt and sending them money will get you nowehere.
2. Make sure that as your information is passed from bank to collector or collector to collector that records are being kept in a safe manner.
3. Wonderful stall tactic to get a creditor to back off for 30 days or until they validate the debt.
4. If it cannot be verified, they cannot collect on the debt, contact you about the debt, or report the debt to the credit bureaus as per FCRA guidelines. This does not mean it will go away, as there is nothing stopping them from selling the debt to another agency.

Hope this helps!