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Arbitration
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Posted by Sean
(198.81.26.79) on October 15, 2003 at 23:57:11:
I have a CA by the name of Mann Braken, LLC after me on behalf of First USA for an unpaid debt. I try to work things out with them and setup a payment plan, but they refused and want the to settle for 70% of the original amount owed. I told them I was unable to come up with that kind of money. Now they sent me papers saying they have filed a claim with National Arbitration Forum. It states if I donot respond to the claim within 30 days a judgement will be entered against me. From my understanding, you have to be sued in court before you can go to arbitration. Am I right or wrong? Anyone that can help answer my questions will be greatly apprciated.
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