For example: O/C CO balance = $1000.00 DB buys for $25. Does that mean that the CO balance is now $975???? If so, is it a violation for the DB/CA to try and collect on balance prior to buying debt since the OC received payment?
No - a CA buying a debt at a discounted rate to attempt to collect is a business decision. Their goal is profit, not unlike any other business out there.
If so, is it a violation for the CA to try and collect on balance prior to buying debt since the OC received payment? enigma +++++++++++++++++++ What do you mean.
