Legal Question in Credit and Debt Law in Texas

Re: Debt Arbitration

That's a pretty broad inquiry and I wouldn't even try to answer it, but I bet your being scr**ed, and I don't like it. Your probably being notified that if you want to contest the arbitration sought by the creditor you can pay a hefty fee and go halfway around the world at your expense for a forum at the creditor's advantage. All of these facts can be used if the creditor should try to use this arbitration against you in a TX court, but it's still not easy and you would still have to hire an attorney. Sorry!

Re: Debt Arbitration

Agreed. The fees are atrocious, as are their usurious interest rates. Blame those SOBs in Congress who took the controls off the banks.