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the dangers of binding mandatory arbitration (bma) clauses


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bma in installment loan clauses

getting an installment loan? a car loan? vacation loan? education loan? buying furniture? the vast majority of financing institutions have bma clauses. virtually all sub-prime lending companies have these clauses. don't finance with them.

  • check with your local credit union or other independent financial institution. most credit unions and some small banks do not have bma clauses.
  • if you currently have a loan with a bma clause in it, see if a credit union or other financial institution might refinance your loan.

 

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back to bma in mortgage clauses

 

to bma in regular bills and statements
to bma in regular bills and statements

 

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arbitration in car contracts

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