arbitration what does it mean?????
Date: Wed, 04/29/2009 - 10:02
what does arbitration mean when ag is involved with a collection complaint?
Please be more specific. Generally, arbitration is like a me
Please be more specific.
Generally, arbitration is like a meeting between you and another party with a 3rd party (the Arbitrator) who is SUPPOSED to be neutral (but many times they are in favor of the creditors) and the decision of the arbitrator is legally binding. It's like an informal court proceeding, kind of.
"http://en.wikipedia.org/wiki/Arbitration"
