Question
Opting out of arbitration clause?
My credit company has an arbitration clause. If I chose to opt out how will that affect me? What are the consequences of opting out?
9 months ago - 1 answers
Best Answer
Chosen by Asker
If there ever came a time that there was a need to go to court caused by an action by you or the credit company, you (and they) would need to retain attorneys and pay court costs. An arbitorator takes the place of a judge and attorneys and is usually more cost effective but equally binding.
by Lori S
9 months ago
Asker's Rating: 