I signed a retainer that states that he is entitled to 10% interest. I am not contesting the principal charges, but now I owe $4000 more because of the interest. What kind of lawyer should I consult before going to arbitration?
2007-04-05 12:09:00 · 3 answers · asked by lucianna d 1 in Business & Finance ➔ Personal Finance
You would need a lawyer that is versed in consumer laws.
One that knows the FTC, FDCPA, etc.
You might click on the link I've provided and read the refusal of arbitration letter.
http://whychat.5u.com/arbltr.html
If you have any questions on using it, you might click on my profile and click on the last link I have listed and ask your question in the credit forum.
2007-04-05 12:23:08 · answer #1 · answered by echo 7 · 0⤊ 0⤋
You don't need a lawyer for arbitration. If you get one, it will just cost you more money and probably not change the outcome.
Go there yourself - you can bring a friend for comfort - and talk about the case. It's fairly easy and straight forward.
You will just be sitting at a table with an arbitrator and the other party and talk about a way to settle the issue.
You could, for example, go there and offer to settle the issue by paying $2000 instead of the $4000 you owe, and chances are the arbitrator will try to get the other party to agree to the settlement. They usually try to broker a deal that's somewhat fair to both sides.
2007-04-05 12:19:47 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Did he provide you with services that he can substatiate? Was he helpful to you? Get your facts and reasons together to provide a reasonable argument as to why you should not pay it - arbitrators will listen to both sides,and since you signed something that states his percentage, you will have to have a real strong reason not to pay, or have him settle for less than the amount you own, like hardship, etc.
2007-04-05 12:19:58 · answer #3 · answered by galfromcal 4 · 0⤊ 0⤋