Who is Ratchford Law Group? Our office has represented consumers who were sued or collected from by Ratchford Law Group, a debt collection law firm. We have created this article to give some basic information about this firm. It is represents creditors, mostly against consumers. It operates in multiple states and has an office in Massachusetts. Ratchford Law Group is owned and managed by Attorney Michael Ratchford. The firm’s web site states that Ratchford Law Group “assistin
This is especially important in cases brought by debt buyers, companies that do not issue credit but purchase delinquent accounts for the purposes of collecting on them. Debt buyers are considered another type of debt collector. When debt buyers and debt collectors purchase accounts from original creditors (typically, credit card companies and medical providers), they often do not purchase all of the account documents required to show that they own it. So when are debt collec
Lawful “re-aging” may occur after borrowers enter into workout programs or resume making payments on a delinquent loan. 65 Fed. Reg. 39,904. Unlawful “re-aging,” however, occurs when the date of last activity on a delinquent account is changed to a more recent date to extend the credit reporting of the account beyond 7 years. See U.S.C. v. NCO Group et al., FTC File No. 992-3012 (May 13, 2004). This is the main type of re-aging that most consumers have to be concerned about.