How long does this process take?

Did you get a response to your DV. Did you send it certified mail return recipt? Is this theh orginal creditor or indeed a collection agency. From what I have read, a credit agency must respond to a DV and if they don't you can bring this up in court. A judge is not just going to take a ca's word, they must have proof that you do indeed owe this money.

I am no expert but I would say the time frame is different for each particular case. I am sure that someone with great knowledge on this topic will be around soon to help you out.

Hang in there. I know it seems like an impossible task at the moment but it does get better. I too was buried under a load of bad debt and I finally am digging myself out slowly, one payment at a time.

Good luck and let us know how things turn out.

Also be sure the company has the proof (a signed contract) that allows them to force you to arbitration..if they can't show a contract, they can't force you into arbitration.