Comments on: Binding Arbitration: A Rewrite of Consumer Rights? http://masteryourcard.com/blog/2008/04/16/binding-arbitration-a-rewrite-of-consumer-rights/ The best Credit Card Debt Blog online Thu, 02 Feb 2012 13:31:13 +1100 http://wordpress.org/?v=abc hourly 1 By: Joshua http://masteryourcard.com/blog/2008/04/16/binding-arbitration-a-rewrite-of-consumer-rights/comment-page-1/#comment-1129 Joshua Thu, 17 Apr 2008 17:22:20 +0000 http://masteryourcard.com/blog/2008/04/16/binding-arbitration-a-rewrite-of-consumer-rights/#comment-1129 I think some cities and states are finally starting to address this issue. I know here is San Francisco, there is a lawsuit that based on some of the shady practices that Jonathan mentions above. Still, I don't think anything will change soon (at least in favor of the consumer). I think some cities and states are finally starting to address this issue. I know here is San Francisco, there is a lawsuit that based on some of the shady practices that Jonathan mentions above. Still, I don’t think anything will change soon (at least in favor of the consumer).

]]> By: Shanti @ Antishay http://masteryourcard.com/blog/2008/04/16/binding-arbitration-a-rewrite-of-consumer-rights/comment-page-1/#comment-1109 Shanti @ Antishay Wed, 16 Apr 2008 23:50:41 +0000 http://masteryourcard.com/blog/2008/04/16/binding-arbitration-a-rewrite-of-consumer-rights/#comment-1109 This is the sort of thing that just gives more fuel to the fire I have against credit card comapnies. I will never participate with credit card companies ever again. I've never gone delinquent and never will, but the thought of having rights basically stripped of you by clauses in your contract with the credit company just infuriates me, and it scares me, too - for all those people who will go through arbitration. I know that you review credit cards here sometimes, and I don't think you're morally opposed to them, but I am. I argue over and over again that I will never use them, even in day-to-day life and pay off in full each month, and some people think I'm nuts. So be it - I hate credit card companies, and some of the things they do make me sick. Like arbitration. This is the sort of thing that just gives more fuel to the fire I have against credit card comapnies. I will never participate with credit card companies ever again. I’ve never gone delinquent and never will, but the thought of having rights basically stripped of you by clauses in your contract with the credit company just infuriates me, and it scares me, too – for all those people who will go through arbitration.

I know that you review credit cards here sometimes, and I don’t think you’re morally opposed to them, but I am. I argue over and over again that I will never use them, even in day-to-day life and pay off in full each month, and some people think I’m nuts. So be it – I hate credit card companies, and some of the things they do make me sick. Like arbitration.

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