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Is an arbitration at the Better Business Bureau legally binding?

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  • Is an arbitration at the Better Business Bureau legally binding?

    IL

    Is an arbitration at the Better Business Bureau legally binding?
    The auto contract I have says that any disputes need to go to arbitration a the BBB.

    Are they then like a court and judge, or how does that work? Do I need to hire a lawyer for that?

  • #2
    Is an arbitration at the Better Business Bureau legally binding?
    The auto contract I have says that any disputes need to go to arbitration a the BBB.
    Yes, it's binding. You signed a contract agreeing that it was binding. If you didn't read and understand the contract, oh well.

    Are they then like a court and judge, or how does that work?
    The arbitrator serves the same function as a judge. He evaluates evidence and testimony and makes a decision.

    Do I need to hire a lawyer for that?
    That's up to you. Depends on how much money you stand to lose and why you stand to lose it. If you owe the money you'll probably lose anyway.

    What is happening that gives rise to the questions.

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    • #3
      Once the arbitrator rules it can be enforced in court as a judgment yes. Though the winner still needs to go to court and file the arbitrator's judgment if the other side will not pay after the arbitrator rules.

      Like any judgment, collection is not always easy if the other side has no assets or is a dead beat.

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      • #4
        It's only binding if your contract that you agreed to says it is binding and and that contract needs to make it clear, not just a section buried in some small print you could never possibly read. (Just like in normal contract law.)
        Maggie

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        • #5
          I sometimes think the arbitrators appointed by BBB are not that super smart. Just my observation. Some are okay.

          The American Arbitration Association is quite a bit better in my humble opinion.

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          • #6
            Originally posted by Guest View Post
            I sometimes think the arbitrators appointed by BBB are not that super smart. Just my observation. Some are okay.

            The American Arbitration Association is quite a bit better in my humble opinion.
            I disagree, they do a very good job and at a decent price.
            And they are VERY neutral.

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            • #7
              If you sign the contract, you agree to the terms!!

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