Rockon

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About Rockon

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  1. Nothing of note at the moment. It's been a very slow process.
  2. Still nothing.... Waiting to hear about the first call... Starting to think maybe they were mistaken about then paying the retainer. Or maybe they started to back track after I sent the email? I'd be very curious to see how yours goes too...
  3. I sent the email you suggested and everything went dead silent... I've had a lot of other stuff going on, so I haven't even thought about it. I'll check in.
  4. Yes. They paid both fees. I listed the case as "consumer debt dispute." I believe they have been calling me from different numbers. I haven't answered and they haven't left voicemails.
  5. Update: they have paid the retainer fee and the initial call will be scheduled soon. I'm going to re-read the arbitration strategy, but does anyone have any other advice?
  6. I think we have been waiting on them to pay the retainer invoice... JAMS is closed until the 2nd now. I should know more after that.
  7. Yes, and got the most expensive one... That was just very recently. We will see what happens.
  8. When the time comes, the arbitration company will send you their info, including rates.
  9. Thanks for the encouragement. I have been sent a list of arbitrators to choose. Any idea if one is better than the other? TIA
  10. Well, I payed my fee a while back and it looks like they are finally paying the initial fee to start the jams arbitration... I'm going to re-read the arbitration strategy post, but does anyone have any other advice?
  11. So, I filed an MTC Arbitration after being sued by Velocity Investments for a Lending Club debt that they claim is now $13,500. They agreed to conditional consent to arbitration. Here is the wording of the conditional consent: "Comes now Plaintiff, by and through counsel, and hereby notifies the Court 0f its conditional consent to an Order dismissing the instant proceeding and referring it to arbitration, so long as Defendant complies With all relevant provisions of the contract, including but not limited t0 Paragraph 17(c) (initiation of arbitration) and 17(d) (payment 0f costs and fees), and so long as Defendant is required to initiate arbitration in timely manner." Here are the paragraphs they are referring to: "c. The party initiating arbitration shall d0 so with the American Arbitration Association (the "AAA") 0r JAMS. The arbitration shall be conducted according t0, and the location 0f the arbitration shall be determined in accordance with, the rules and policies 0f the administrator selected, except t0 the extent the rules conflict with this Arbitration Provision 0r any countervailing law. In the case 0f conflict between the rules and policies 0f the administrator and this Arbitration Provision, this Arbitration Provision shall control, subject t0 countervailing law, unless all parties t0 the arbitration consent t0 have the rules and policies 0f the administrator apply. d. If we (0r LendingClub) elect arbitration, we (0r LendingClub, as the case may be) shall pay all the administrator's filing costs and administrative fees (other than hearing fees). If you elect arbitration, filing costs and administrative fees (other than hearing fees) shall be paid in accordance with the rules 0f the administrator selected, 0r in accordance with countervailing law if contrary t0 the administrator's rules. We (0r LendingClub, as the case may be) shall pay the administrator's hearing fees for one full day 0f arbitration hearings. Fees for hearings that exceed one day will be paid by the party requesting the hearing, unless the administrator's rules 0r applicable law require otherwise, 0r you request that we (0r LendingClub) pay them and we agree (0r LendingClub agrees) t0 d0 so. Each party shall bear the expense 0f its own attorneys' fees, except as otherwise provided by law. If statute gives you the right t0 recover any 0f these fees, these statutory rights shall apply in the arbitration notwithstanding anything t0 the contrary herein." I'm a little confused because I thought that they wouldn't want to go into arbitration. What's their strategy here? Obviously, I need to file my arbitration case now. But is there something I'm missing? I'm assuming they are referring to the paragraph d on payment. Do I need to be worried about that? I thought consumer fees were capped with JAMS and AAA.
  12. Hi All, I've been sued by Velocity Investments for an old lending club account. My complaint was served 07/16/19. I called them to offer a settlement, but they wouldn't budge. I didn't admit anything on the phone. I need to file my answer. I've been reading a bit in these forums and I'm thinking arbitration is a good choice for me. Should I file a MTC with my answer? I'm in Johnson County, Indiana. I'd like to post my rough drafts here for you guys to look at as well. Thanks in advance everyone.