Legal Question in Credit and Debt Law in Michigan
It's more of a question of concern regarding an Arbitraion agreement between myself and the Tunica-Biloxi Tribe of Louisiana Indian tribe. I went online and filled out an application for the pay day loan. used the money and am now trying to make good on my agreement (since i couldnt afford the fees) to pay back what i borrowed from them. They are unwiling to work with me and wants payment in full for the entire balance. i went through the terms and conditions and noticed a clause for Arbitration and waiver of jury trial and court involvment. How will this affect me if they try and sue me for the balance owed? Also I live in Michigan.
1 Answer from Attorneys
If they sue, you can use the arbitration clause to close the case and send it to arbitration. Of course, that costs money as it is privately run and expensive. You may just want to stay in Court.
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