What is the next step I should take when an arbitrator has ruled in favor of a creditor against me?

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What is the next step I should take when an arbitrator has ruled in favor of a creditor against me?

This is for a monetary amount owed on a credit card.

2007-10-24 08:20:47 · 4 answers · asked by PSULION 1 in Business & Finance ➔ Credit

4 answers

If the arbitration was binding (most are) there is no next step except to pay.

2007-10-24 08:35:28 · answer #1 · answered by ? 7 · 1⤊ 0⤋

Arbitration is usually binding. You agreed to it when you entered the process. U O

2007-10-24 15:31:35 · answer #2 · answered by davidosterberg1 6 · 0⤊ 0⤋

Pay the judgement against you if the arbitration was binding.

2007-10-24 15:29:09 · answer #3 · answered by Flyboy 6 · 1⤊ 0⤋

Is there some real reason why you are not paying it? If you charged on the card, you owe it. Pay it.

If you don't, the creditor will get a judgment and attach your bank account, garnish your wages, and lien your property.

2007-10-24 15:30:50 · answer #4 · answered by bdancer222 7 · 0⤊ 0⤋