How debt arbitration is going to affect you.
The way it works, you and your creditor will decide the terms of a payment, and then you will get a letter from a mediator.
This is a common way to settle debts.
But it can also be confusing, and if you haven’t seen what happens in a debt dispute before, you could end up spending hours trying to figure out which option works best for you.
We spoke to debt and arbitration experts for their thoughts. Read more