A debt arbitration process can eliminate or reduce debt. However, it depends on the help that you are seeking from the debt relief company. Actually debt arbitration is a process in which both the parties present their case and then a neutral party presiding over the situation provides the decision. This decision must be followed by both the parties.
There is a disadvantage to debt arbitration. There is no guarantee that the creditor will agree to the decision given by the third party. So you must be careful about your selection of representative.
Hi Merry,
A debt arbitration process can eliminate or reduce debt. However, it depends on the help that you are seeking from the debt relief company. Actually debt arbitration is a process in which both the parties present their case and then a neutral party presiding over the situation provides the decision. This decision must be followed by both the parties.
There is a disadvantage to debt arbitration. There is no guarantee that the creditor will agree to the decision given by the third party. So you must be careful about your selection of representative.