NCO Financial has purchased my account. The letter reads" The creditor has agreed to accept 60 percent of the balance listed above or $$$ as a lump sum settlement of the account. This offer will expire 45 days from the date of this letter." 2 questions. If they purchased the debt, wouldn't they be the creditor? Is this not a violation of 807(10) of the FDCA, deception that only a lump sum amount would be accepted?
