From: the_sarp@yahoo.com
Newsgroups: misc.invest.financial-plan
Subject: Re: Credit Card Conundrum
Date: Fri, 3 Nov 2006 18:14:12 -0600
   posting-account=-QmfdA0AAADmnm8-b4eyeUJ5Jx2n6JYg
	iQBVAwUARUvbVPl/I4+O31e5AQEnsgIAhPwy2e9P7uby7Fq2e6y8UhD1mcdIL5DK
	Ucvl+doFpxOFU6EA28t4cz1ObCZzVzEKRCVF/Z2K3/BNxrekXfhzhQ==
	=s1ew

There are no benefits to you.

You are sacrificing your legal rights.

This matter is called "Binding Mandatory Arbitration" or some such, and
it has been the source of controversy for several years now.

Consumer groups advice against it.

The arbitrators who oversee any hearings under this agreement are
usually handpicked by the companies themselves.

This is a way business evades American legal protections.

But with certain institutions, like banks and credit card companies,
you have no choice if you want the account.

Other types of businesses, like car dealers, will also try to get you
to sign these agreements, but that would be unwise.

sarpesius


Ron Rosenfeld wrote:
>
> What are the benefits to me of accepting this required arbitration, given
> that the use of the card is unrestricted should I choose to reject the
> arbitration clause?
> --ron