Re: National Arbitration Forum

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Does anyone know how to get out of arbitration once you have been served and responded to
the NAF? Is there anything we can do to withdraw from the process? We used the online
form and faxed our response to the NAF. We appreciate any help you can offer. Terri

On 7/01/07, Carlos.- wrote:
> When somebody try to "work something out" whith them that person is making a mistake.
> They do not want to help you, they just want the money as fast as they can get it and
> they will do the wrong thing if they think that they can get away with it.
>
> Here is the tip
>
> If your account had been charged off and you can't make regular payments big enought
> to get out of debt in seven years you better don't make a payment at all, nothing,
> Zero, nada, never.
>
> The reasons of this is that the credit reporting agency will have to delete all
> records of your account ***after 7 years of inactivity***, if you make a payment even
> for one dollar they will report that payment to equifax o whatever and the 7 years
> term will start all over again, making those small payments don't help to nothing and
> you'll never get out the hook, that's why they try so hard to get from you whatever
> ammount, even $20.
>
> The second reason is that if you don't pay enouggt but you pay something you are
> encouraging them to keep the harasment going, they'll know that you are afraid and
> there is a good chance of getting money from you if they try a little harder.
>