One point - the arbitration has to be filed within 2 years of the default. I've seen posted here that someone at KRY mentioned that there were other defaults for which they could file. It MIGHT be the case that they can file within 2 years of a later default, thereby extending the filing date. However - before they tie their asses to one tin can over another, they would have to judge the relative value of the defaults as far as an arbitration case is concerned. For example, it would be much better to file based on a completely missed payment, rather than a payment that was made late.