What happens when a creditor takes you to arbitration?

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What happens when a creditor takes you to arbitration?

2007-02-13 02:38:58 · 2 answers · asked by stinkman 1 in Business & Finance ➔ Credit

2 answers

It's like going to court over a debt you owe, but without a judge.

2007-02-16 16:52:16 · answer #1 · answered by annazzz1966 6 · 0⤊ 0⤋

You agree on a amount that is acceptable to you and the creditor.

The only thing wrong with this is that it will show up as you paid less than agreed on your credit.

2007-02-13 02:43:38 · answer #2 · answered by ? 7 · 0⤊ 0⤋