Court arbitration by Robert-Dean:House

Don’t be fooled, the court arbitrator is an arm of the court.
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In 2007 and 8, around the time of the great bank bailout, I was notified by a financial grope who had notified me that I could access any amount of money from them up to $10.000.00.  I called their bluff, so I thought, and got $5,000.00 from them on only my signature contract with a payment agreement of $150.00 per month.
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Due to the crash, I found 150 too difficult to handle and wanted to renegotiate the contract to a lesser amount.  They refused. Then I attempted to get the other $5,000 which they said I had available but due to the bank’s problems they refused.  I was still making the full payments until then.
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Sometime after, I stopped the payments and they took me to court.  Under arbitration.
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In a private room, I sat with the bank’s attorney and the arbitrator.
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The attorney laid it on the table that they would agree to the $75.00 per month along with the court order.
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I caught wind of something wrong and asked, what if I can not make a court-ordered payment of $75.00?  He, the attorney would not answer and the arbitrator stated he was just there to finalize the agreement.
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I knew that missing one payment could get me a free stay at the crowbar hotel for violating a court order.
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I told the attorney that I would not agree to such a contract.
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The arbitrator then asked if I wanted to forfeit.  I said yes, knowing that they could not enforce anything on me for I had not put up any collateral.
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I later found out that the judge held me at forfeit and the bank put a blemish in the public record which after their own statutes of limitations of seven years, charged it off.
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Remember,  my contract was not with this attorney.  It was with the agent who signed me up for the gift of $5,000.00 and under common law it would have and should have been him in the courtroom instead of a third party contractor.
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Arbitration is still under the court’s final say.  This is just another deceitful way they get you to contract with them.
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Now, if you and the other party agreed to meet with a third party not associated with the courts, it could be settled with both party agreement and no threat of enforcement by a third party.
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