Creditor's rights arbitration was formulated to facilitate the legal proceedings between loan agencies and borrowers. When there is a dispute over the terms of the contract or when the loan becomes delinquent, arbitration has become the preferred means of resolving the dispute between the two parties. Arbitration is much more efficient, time-saving, private and legally binding than litigation.
While contesting parties are free to represent themselves during arbitration, this puts you at an extreme disadvantage. There is much in arbitration law that may not be known by a person inexperienced in this system. Additionally, arbitration decisions are extremely difficult to appeal, so whether you are the plaintiff or the defendant, it is in your best interest to be represented by the best arbitration attorney you can find. Arbitration.com is an extremely useful resource for finding arbitration attorneys in your area.