The Scam of Arbitration

 

Debt collectors, junk debt buyers and bottom feeders are looking to

enrich themselves through arbitration claims filed with the National  

Arbitration Forum, Minneapolis, MN. Some of the organizations filing

arbitration claims include Wolpoff & Abramson, Baltimore, MD, Collect

 America (CACH & CACV) Denver, CO, Mann-Bracken, Atlanta,

GA, NCO Financial Systems, Baltimore, MD and Midland Credit

Management.  Arbitration is an area most consumers have little

or no knowledge of and the system is set up to take advantage of that.

 

The National Arbitration Forum (NAF) is biased in favor of those who

file claims because their filing fee of $250/per account is what keeps

them in business.

 

To give you an idea of how this functions, let's use our Washington

bureaucracy for an illustration: NAF is the Congressional representative

writing laws. Debt buyers are the lobbyists looking for favorable

results on their investments.  They write a check to the NAF, the

arbitration claim is filed, the NAF pays a local lawyer to rubber stamp

awards in favor of the debt buyer and just like Washington, they make

a ton of money, while you get screwed. Sound familiar?

 

The attorneys they use are from your local area (with exceptions) who

are also paid a fee of $250/hour with the expectation they will handle

up to six claims per hour. Do the math, does this sound ethical?

 The arbitrators rubber stamp their approval, many lie and sign

statements that are false and perjured so they can stay on the money

side of the NAF.

 

The arbitration process conducted by the NAF is a corrupt system of

big bucks designed to screw the consumer who is mostly kept in the

dark about the process and how it evolves.  I have seen many

awards where attorneys lied in their statements just so they could

collect the $250 fee. (Does this sound like a lobbying organization?)

 

There are ways to take on this corrupt system and turn the tables on the

National Arbitration Forum and the lawyers they pay to make awards

against you they may not be entitled to.  A national group of consumer

attorneys is fighting the arbitration system head-on.

 

If you are threatened with, or served an arbitration claim get in touch

with me for assistance and referral to an expert who can assist you.

If you fail to respond to an arbitration claim, it could eventually end

up with a judgment against you, so the time to take action is when

you are threatened or served.

Bud Hibbs