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I am trying to compose the Demand letter required by AAA to file a case: "(1) The party who starts the arbitration (referred to as the “claimant” throughout the arbitration) must contact, in writing, the party that the case is filed against (referred to as the “respondent” throughout the arbitration) that it wishes to arbitrate a dispute. This written contact is referred to as the Demand for Arbitration (“Demand”). The Demand must do the following: • Briefly explain the dispute • List the names and addresses of the consumer and the business, and, if known, the names of any representatives of the consumer and the business • Specify the amount of money in dispute, if applicable • Identify the requested location for the hearing if an in-person hearing is requested • State what the claimant wants" I have read and re-read the arbitration thread by @fisthardcheese If I just write, "debt dispute," in the letter, is that enough info for AAA to take the case? I believe I have a couple of FCPA violations. I am hesitating to list those as my "dispute," only because the arb clause says that they will pay arb fees except in debt collection cases. This is a Cavalry/Citi case for alleged 2.5k debt. Can anybody clarify this for me?
In June 2014 I received a letter from Citibank N.A. informing me that they sold the debt to PRM (DJB). Shortly after, there was a demand letter from PRM's partner company servicing the account. I did not respond. Recently, I received another demand letter from a local law debt collector retained by the above partner company (currently owning the debt vs servicing the account). The amount of the debt demanded in 2014 was matching the amount of the debt reported with the credit agencies, which was a little higher than the amount of debt owed to Citibank at the time of the first delinquency (mid 2010) The amount of the debt, currently demanded by the local law company is about 41% higher. I responded with a DV letter almost at the end of the 30 days allowed but fell to dispute with the credit agencies. Immediately, upon receipt of my DV request by the local law company, the disputed account disappeared from my credit reports. My gut feeling is that they will try to update the credit reports with the currently demanded amount by adding interest, penalties etc.and than sue me. Citibank kept sending statements for more less 2 years, after the first delinquency. The debt got inflated quickly but was still less than the current demand of 41% extra. SOL is 6 years Please help me figure things out.... It is greatly appreciated. TY TY TY