Explanation of Arbitration
Date: Tue, 08/29/2006 - 14:55
Please explain abritration. How does a CA or JDB file or get arbitration against a consumer for a credit card? Thankyou.
Quote:Arbitration is a final and binding dispute resolution proc
Quote:
Arbitration is a final and binding dispute resolution process. In practice arbitration is generally used as a substitute for judicial systems, particularly when the judicial processes are viewed as too slow, expensive or biased. Arbitration is also used by communities which lack formal law, as a substitute for formal law. |
There is some legal advice in the National Arbitration Forum.
If a creditor buys an old debt and decides to declare or file ar
If a creditor buys an old debt and decides to declare or file arbitration, do they notify the consumer of this? Does arbitration automatically mean an enforcable judgement is declared? How does a consumer fight arbitration?
The Courts will make the decisions whether the parties have an a
The Courts will make the decisions whether the parties have an agreement to arbitrate, unless the arbitration agreement clearly mentions that questions about the "arbitrability" of the dispute are to be decided by an arbitrator. The only general requirement is that both parties agree to the arbitrator.