Consumer complaint received 2022-10-05
Company: DISCOVER BANK
State: FL
Product: Credit card or prepaid card
Sub-product: General-purpose credit card or charge card
Issue: Closing your account
Sub-issue: Company closed your account

Complaint:
When Discover Bank granted me a {$4500.00} loan, all they did was take {$4500.00} of actual cash value from me and transferred it to themselves ( Discover Bank ) for free. 
The bank XXXX Discover Bank ) did not loan one cent of other depositors ' money for the {$4500.00} promissory note. 
They did it by recording the promissory note as a loan from XXXX XXXX to the bank. The bank then used the {$4500.00} they obtained from XXXX XXXX to create {$4500.00} of new money called checkbook money. Checkbook money has equal value to legal tender because the promissory note can be sold for legal tender. 
Then the bank uses the newly created checkbook money ( counterfeit money ) to transfer the stolen {$4500.00} back to XXXX XXXX ( the victim ) as a bank loan. 

LAWSUIT WILL BE FILED IN 30 DAYS IF NOT RESOLVED The lawsuit will allege the following : 1 ) The defendant ( DISCOVER BANK ) advertised that they loan money.

2 ) The plaintiff ( XXXX XXXX ) applied for a loan. 
3 ) The defendant ( DISCOVER BANK ) refused to loan the plaintiff legal tender or other depositors ' money to fund the alleged bank loan check.

4 ) The defendant ( DISCOVER BANK ) misrepresented to the plaintiff ( XXXX  XXXX  ) the elements of the alleged agreement. 
XXXX ) The plaintiff 's ( XXXX XXXX ) bona fide signature does not appear on the alleged promissory note, because he always puts a 2 cent stamp and signs in BLUE ink from top left to bottom right on stamp at a 45 degree angle on promissory note.

6 ) The copy of the promissory note is a forgery.

7 ) The alleged original promissory note could not be pro- duced by the defendant bank ( DISCOVER ) with the plaintiff 's name on it : said copy purports to obligate the plaintiff ( XXXX XXXX ) to pay {$4500.00} plus interest, giving it value today of {$4500.00} if it were sold to investors. 
8 ) The defendant bank ( DISCOVER ) recorded the forged promissory note as an unauthorized loan from the plaintiff to the bank as evidenced by a new bank asset and liability.

9 ) The bank recorded an unauthorized loan having actual cash value of {$4500.00} from the plaintiff to the bank. The bank returned {$4500.00} actual cash value back to the plaintiff. The bank ( DISCOVER ) made false statements claiming the unauthorized loan that they returned back to plaintiff was actually a loan from them to the plaintiff. 

10 ) The defendant ( DISCOVER BANK ) believes Plaintiff ( XXXX XXXX ) agreed to loaning the forged promissory note to the bank which in turn funded the loan from the defendant bank ( DISCOVER ) back to the plaintiff ( XXXX XXXX ). Further, the defendant bank believes they have no obligation to repay the unauthorized loan from the plaintiff to themselves. The plaintiff 's signature never validated such an unauthorized transaction. 
11 ) By their refusal to loan other depositors ' money or legal tender as consideration to obtain the alleged promissory note, and by recording the alleged forged promissory note as an unauthorized loan from the plaintiff, the bank ( DISCOVER ) changed the cost and the risk of the alleged loan.

12 ) The defendant bank claims they will be damaged if the plaintiff refuses to repay the loan, but the defendant refuses to acknowledge or repay the unauthorized loan from the plaintiff to them. 

They already closed out my account, but did not zero my balance. Then they had the nerve to send it over to the Credit Reporting Agencies as a closed account with a balance unpaid. They purposely have harmed me, cost me higher interest rates and have cost me in POSTAL MAIL RETURN RECEIPT CARDS for proof of mailings. 

Listed below is all the ARTICLE NUMBERS for letters sent. Please have them produce the documents sent that is attached to these numbers. 

XXXX. ) RF XXXX XXXX XXXX. ) RF XXXX XXXX XXXX. ) XXXX XXXX. ) XXXX XXXX. ) XXXX XXXX. ) XXXX

Company response to consumer: Closed with explanation