Legal Question in Credit and Debt Law in California

Well, from the name of that Petition, apparently you had agreed to go through arbitration with one of the credit card companies because of a dispute, and the arbitrator decided how much you owe them on the debt (or if you don't owe anything). The company now wants to confirm, correct or vacate the decision, you need to read the petition to see which. Then, decide if you want to accept it or object to it.

So many people in California, unfortunately, are falling behind and defaulting on their credit cards in this economy because of the financial crisis we have. These credit card debts will just end up in court when the companies sue the credit-card holder. There's really no defense to defaulting on a contractual debt.

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