Exploring the Debt Collection Industry

July 2, 2009

Join Us on New Consumer Forums!

Over the past year or so we’ve taken to using a forum format instead of the blog, so we’ve decided to close the blog to further comments. Instead, please come join the forum discussions about arbitration and debt collection:

Arbitration Justice

Debt Collectors Exposed

We look forward to seeing you there!

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June 6, 2008

Arbitration Forum

Filed under: Arbitration Justice,Arbitration Justice — budhibbs @ 4:10 pm

It’s happening. The smell of arbitration is beginning to cause nostrils to twitch across the country. Business Week has a huge article on the subject this week, and ABC News just took on the NAF. We’ve been tinkering with the ArbitrationJustice.com website for awhile now and it’s done well in dry dock, but we need to push it out into the water and see what kind of rough seas it can handle.

And, for better or worse, we’ve added a forum. (Thanks for noticing, and no, we don’t know what we’re doing.) Who better to get it off the ground than the talented assortment of consumers, advisers and over-anxious brain power resting on this blog?

So come on over – lend your expertise, help us tweak this monster and see if we can’t put arbitration on the ropes.    Royce     http://www.arbitrationjustice.com

September 28, 2007

Major Work Exposes Arbitration!

Filed under: Arbitration Justice,Arbitration Justice — budhibbs @ 8:30 am

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How Credit Card Companies Ensnare Consumers

Here’s the definitive work exposing the evils of Arbitration. Kudos to Public Citizen’s Congress Watch.  Hard copies are available for $10. Details, and a  free downloadable version can be found at http://www.citizen.org

Make Sure Your Congressperson Reads This!

June 11, 2007

The Scam of Arbitration

Filed under: Arbitration Justice — budhibbs @ 4:13 pm

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.

Contact us at: budhibbs@budhibbs.com assistance

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