Doing business with the Walton family or one of their businesses can be a problem in AR. Most if not all law firms represent the Walton family in business. If you find yourself in a situation where you need to file a lawsuit against them, you have a problem. Most if not all law firms will tell you they “have a conflict of interest” in representing you.

In 2014, a bank president from Arvest has resigned and is being charged with obtaining multiple loans on one piece of property.  This is the president I dealt with from 2003 to 2007.

Be careful when dealing with banks.  They make commitments they can’t keep and their overseer, you know who, totally ignores any problem you may have with the bank.

One example is the interest rates they charge are computed using something/360.  What this does is compute your interest based on 360 days and charges you for 365 days.  This overcharge can be a lot of cash.

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