do something before they file suit

[havepeace123]

I have another credit card debt, citi card and chase card,

They have not filed lawsuit yet.

who knows?

so, at this moment, is this a good idea to file the arbitration?

I read that once arbitration filed, they can't sue...( they can sue, but they will lost due to arbitration)

Thanks,

[nobk4me]

There is no need to file (initiate) any arbitration at this point. You need to have claims against the creditors to file an arb complaint.

However, you may want to ELECT arbitration (using those words) in any correspondance you have with them.

I would wait until they contact you. I prefer not to kick a sleeping dog.