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Credit Card Debt Collection issues with overdue or defaulted credit card debt.

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Old 03-24-2006, 11:58 AM
Irulan Irulan is offline
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Join Date: Mar 2006
Location: Maryland, USA
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Default Arbitration dismissed, what now?
One of my credit card debts was sent to the National Arbitration Forum. I replied to the notice from NAF and to the lawyer that I am currently in a debt settlement program, have been in for over a year and am currently trying to pay off my debts without having to declare bankruptcy.
Now I have received a letter from NAF that the claimant (Chase) has requested that the matter be dismissed.
What does this usually mean? I know that the NAF will no longer handle this matter. So, does this mean that Chase will now sue me in court? Should I consult a lawyer? I live in MD.
Thanks for any insight.
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Old 03-26-2006, 04:22 AM
Mr. Knowitall Mr. Knowitall is offline
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Default Dismissal of Arbitration
I have no idea why they are asking that the arbitration be dismissed, but presumably it is so that they can pursue a collection action for the debt. The reasons for their request are presumably outlined in the letter you received.
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