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Wolpoff and Abramson / MBNA - Debt Amounts


dt13853
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W&A have sent me an arbitration request for 18K plus...

MBNA had requested 15k, but now it's with W&A

I have seen others w/MBNA/Wolpoff but no one has posted amounts

is this worth settling, I dont want to get hit with an 18k judgement garnishment.

Is it too late to send those stop CA letters?

thanks - this is a great board

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Wolpoff, Good Luck!

I am dealing with them, but am filing BK, so I didn't DV them. Didn't take long to receive the arbitration award request. You need to send a letter of Arbitration Refusal if it has been admitted to the court. I didn't do so, and they received the award. Do you want to settle with MBNA? You can work directly with the OC. Did you DV Wolpoff? If you send them a Cease and Dismiss letter, I would assume they will carry out their Award process. Ask METHUSS! He would better know what to do.

I am learning myself, so I may be wrong here. Just letting you know what happened in my case. GOOD LUCK!

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There is a sticky over in the lawyer forum about mandatory arbitration...

http://www.debt-consolidation-credit-repair-service.com/phpBB2/viewtopic.php?t=16946

and there have been some decesions in the ninth circuit that calls the whole thing "unconscionable" (sp?). You can read that at:

http://www.atla.org/homepage/mbna.aspx

of course, if you signed up for MBNA with the arbitration clause in the agreement, it might be tougher to argue. And, of course you'll probably want a lawyer to defend you.

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