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Can someone explain arbitration to me?

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I have a letter about arbitration from Cash Call.

What exactly is this?
What happens?




I am not quite sure but I will take a stab at it. I believe that arbitration is where a third party becomes involved to help two other parties come to some sort of agreement, but again I am not quite sure. Do you have some type of dispute or case going with or against Cash Call?

Sub: #1 posted on Tue, 08/05/2008 - 13:35

Lorri Lorri
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(Posts: 1721 | Credits: 224.66)

Yeah, it's pretty much an informal court - You and the other party go before an arbitrator that makes a binding decision on the case.

Cash Call has been using arbitration instead of court lately to get judgements against people that have defaulted.

Sub: #2 posted on Tue, 08/05/2008 - 20:06

goudah2424 goudah2424

(Posts: 7936 | Credits: 1224.9)

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