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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.
We invite you to
join the public forum and learn how other consumers
have dealt with arbitration.
www.arbitrationjustice.com
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