Comments on: Business Week: Consumer Credit Arbitration — you lose! http://themoderatevoice.com/20259/business-week-consumer-credit-arbitration-you-lose/ An Internet hub for moderates, centrists, and independents, with domestic and international news, analysis, original reporting, and popular features from the left, center, and right Sun, 22 Nov 2009 16:42:35 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: ohwilleke http://themoderatevoice.com/20259/business-week-consumer-credit-arbitration-you-lose/comment-page-1/#comment-194598 ohwilleke Fri, 17 Jul 2009 02:43:18 +0000 http://themoderatevoice.com/religion/ideologies/capitalism/20259/business-week-consumer-credit-arbitration-you-lose/#comment-194598 While the conflict of interest concerns are appropriate, the time per arbitration factor, while it may be bad, is not necessarily a problem if most of the cases involve simple defaults or failures to state a claim (e.g. I can't afford to make a payment because ... ). Limited jurisdiction state courts are similarly swift in dispatching those kinds of cases and those kinds of cases make up a large percentage of all limited jurisdiction state court collection cases.<br><br>It isn't entirely clear to what extent these are bona fide contested "disputes over bills," and to what extent these are simply unpaid bills that lenders are enforcing. While the conflict of interest concerns are appropriate, the time per arbitration factor, while it may be bad, is not necessarily a problem if most of the cases involve simple defaults or failures to state a claim (e.g. I can't afford to make a payment because … ). Limited jurisdiction state courts are similarly swift in dispatching those kinds of cases and those kinds of cases make up a large percentage of all limited jurisdiction state court collection cases.

It isn't entirely clear to what extent these are bona fide contested “disputes over bills,” and to what extent these are simply unpaid bills that lenders are enforcing.

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