TL;DR The collections agency can sue you, garnish your bank account without even informing you, and if you want to challenge that, you can only do so in private arbitration and you cannot also be a part of a class-action lawsuit.<p>Despicable. But is anyone surprised anymore? This is a country for the corporations by the corporations. The common folk are just critters to be exploited. Is there a way to incorporate yourself, so that you take a loan not on your person but on your corporate self?