Arbitration Clause in Debt Collection Lawsuits: How to Use It to Move the Case Out of Court
Most major credit card agreements contain an arbitration clause that forces disputes out of a public courtroom and into a private arbitration forum. Debt buyers often drop lawsuits when forced into arbitration because the private filing fees (often $2,000 to $4,000) completely erase their potential profit. Filing a Motion to Compel Arbitration must be done … Read more