
Originally Posted by
kjackson
now am being threatened with binding arbitration. I was told that I should dispute the arbitration as a violation of my rights and go to litigation so I can be heard in a court of law.
Whoever gave you this advice is doing you a favour as I think it is great advice.
Sounds risky?
Binding arbitration means that you and the credit card (cc) company pick John Smith, or whoever, to decided your case.
You can do that, but if John Smith is some crook who makes side deals with the cc company, you are out of luck. And appealing it will be very hard.
Personally, I would prefer it be settled by a judge in a court room (litigation).
Sometimes binding arbitration is good though, but not in this case.