This i what your looking for was searching this myself earlier : http://blog.btcjam.com/2014/03/04/what-happens-when-a-borrower-does-not-pay-back-his/
Thank you for the link , it's pretty useful .
However I can't seem to understand what those Arbitration companies do exactly ? and what if after the Arbitration the user Deny or refuse to re-pay what would happen ? Also all countries have those Arbitration stuff ?
