Washington Business Daily

If a credit card company wins a debt collection arbitration, what happens next?

My wife received an arbitration letter from NAF stating that she lost her arbitration. This was two months ago and we have not heard anything from anybody. We do not understand this process and was wondering what do we need to do next? Do they send us a bill? Do they send us a payment plan? Or other?

Public Comments

1. No they go right for taking 25% of her salary. suggest you call and make arrangements to pay the debt
2. You should have been notified of the arbitration hearing. You have the right to defend yourself. Basically, the creditor got what he asked for whether he was legally entitled to it or not. I suggest you contact a consumer rights attorney for advice.
3. If you don't pay, they can go to your local court and register the award. From then on it can be enforced like any other judgment.