Kufuwanka said that I would be arbitrated within a time limit. Is it true?

It's true. According to the website of Inquiry Law, Jiufuwanka is a company specializing in providing consumer financial services, and its main business includes credit card, cash loan and installment payment. According to the relevant laws and regulations, if users fail to repay on time when using these services, Jiufuwanka has the right to recover the arrears through legal means. Arbitration is a common way to solve disputes, which can effectively solve some minor disputes and avoid cumbersome litigation procedures. Arbitration is a legal way to solve disputes between Jiufuwanka and users.