Current location - Trademark Inquiry Complete Network - Overdue credit card - Does Guangfa Credit Card Mediation Center have legal effect?
Does Guangfa Credit Card Mediation Center have legal effect?
generally speaking, through traditional court mediation, it takes a long litigation procedure, which takes as long as six months or more, and the court proceedings need to be charged according to the litigation object, which is costly. The difference between mediation center and court mediation is that it can directly receive mediation needs and mediate, which takes less time and is faster and more efficient. At the same time, in terms of fee collection, the mediation center will charge half or no fees according to the legal fee payment standard, and the cost will be lower.

in terms of legal effect, the mediation agreement of the mediation center is also enforceable after being confirmed by the court, and its legal effect is not diminished. In short, the mediation center has the advantages of low cost and high efficiency, which can enable disputes to be discovered, mediated and resolved early, and protect users' rights and interests to the greatest extent.