Beneficial Signed Arbitration Rider with Beneficial, was told that if something was wrong, this paper was just to give them a chance to correct it without going to court DuBois Pennsylvania
I wrote to The Rip Off Report when Beneficial kept adding what they called "deferred interest" onto our loan. I was advised to read my contract.
The only thing I can find in the contract is an arbitration rider. When we signed papers, I questioned this. Beneficial told us that by signing that paper we were agreeing to give them a chance to correct any errors that they may have made during the loan without going to court right away.
It sounded fair enough to give them a chance. It says that we have the right to pay $100. plus 1/2 of all costs over $100 to have an arbitration firm check out any descrepancies. It says that if either party elects arbitration, then the matter cannot go before a judge or jury. I have never asked for arbitration. I can't afford to pay their insane interest. Did we mess up? Did we accept arbitration when we signed the contract?
Gail
Penfield, Pennsylvania
U.S.A.
1 Updates & Rebuttals
Richard
Altamonte Springs,Florida,
U.S.A.
Personal Ammendment to the Constitution?
#2Consumer Suggestion
Thu, February 26, 2004
I am not a lawyer, but - think on this.
Can you sign yourself into slavery?
No, liberty is garunteed.
Can you sign a document authorizing someone to kill you if you do not do something?
You have a right to life.
Murder is murder.
Hmm... Can you sign away your right to a jury?
Looks like it's one of those rights too :)
"...the right to a trial by jury shall remain inviolate..."
If I were you, I would take them to court.
Or... try arbitration if you want.
If possible, arbitrate with someone of your choosing. Carefully select them.
Arbitration clauses, in my opinion, are merely scare tactics for the uninformed.
You are a natural person.
You are not a corporation.
You have inalienable rights.
Inalienable means:
You CAN NOT sign them away.
They CAN NOT be lawfully deprived.
Good luck.