Credit Repair Attorney

The issue surrounding the problems with mandatory arbitrations in regards to disputes with credit card companies appears to be growing progressively.  The most recent news in relation to this issue appeared in Forbes, which told the story of one man who was found to owe almost $10,000 to MBNA, despite the fact that he never had an MBNA credit card.“On Nov. 15, 2001, a New Hampshire man named Troy T. Cornock received a surprising letter from something called “National Arbitration Forum.” Seems this organization claimed he owed money on an MBNA credit card. Only one problem: He didn’t. His ex-wife had made the charges, and Cornock pointed out to the “Forum” that he had never signed a credit card agreement or made any charges on the account.

The credit card company could produce no proof Cornock had opened the account or made any charges. Not to worry. The National Arbitration Forum ruled against the customer anyway, and awarded MBNA $9,446.85.

This monstrosity, overturned last March by a New Hampshire court, is just one of literally thousands of instances in which the credit card industry has flushed the Constitution–and the requirement for due process of law–down the commode.”

The bottom line is that if you receive correspondence from a credit card company, even if you’re convinced you don’t owe them money, take it seriously.  If you would like to repair your credit, contact a credit repair lawyer at Smith & Garg today to schedule an initial consultation.