Consumer complaint received 2022-10-31
Company: GOLDMAN SACHS BANK USA
State: TX
Product: Credit card or prepaid card
Sub-product: Store credit card
Issue: Trouble using your card
Sub-issue: Credit card company won't increase or decrease your credit limit

Complaint:
I was denied a credit increase on XX/XX/2022 by Goldman Sachs Bank ( Apple credit card ). 

On XX/XX/2022 I have sent an adverse letter to Goldman Sachs Bank letting them know that adverse action against a consumer is AGAINST THE LAW according to the Equal Credit Opportunity Act which is codified in 15 U.S.C 1691c, and is pursuant to civil liability under 15 U.S.C 1692k. Goldman Sachs Bank is subject to criminal liability for violating 15 U.S.C 1691 as I have proof that I was discriminated against by Goldman Sachs Bank due to the response I received on XX/XX/2022. This letter was received on XX/XX/2022 and I was not given a response. On my letter I asked to receive a response to my mailing address in 10 days, it is now XX/XX/XXXX. 

Certified mail tracking number : XXXX Goldman Sachs Bank is in violation of 15 U.S.C 1642, U.S.C 1681m and 12 CFR 1002 because I, the consumer, made an application in good faith, but credit was not issued. Furthermore, because my social security number ( credit card ) was used and I received NO benefit, this is proof of fraudulent activity ( unauthorized use of credit card ) on behalf of Goldman Sachs Bank. I also understand that my initial credit application ( a promise to pay in the future ) was the source of funds where the alleged extension of credit derived from. Goldman Sachs Bank acted to induce me into contracting with them on the basis they would profit from my indebtedness. Goldman Sachs Bank knew that its representations of credit creation were false and misleading. This is based on the fact that compensation and or the credit given for my asset should be easily reflected as an accounting entry. Where the funds can be shown as being drawn down from an account, a debit and or a transfer of funds from some sort of source document and then released to me. 

This would be in the amount of the alleged credit line that was stated by the defendants. The activity mentioned above would have to be a prior event ; meaning before arriving on the defendants balance sheet as an available credit for extension to me. It would have to be a source that proves its origin and its transfer. This would also include showing satisfaction of the performance of payment in a fair exchange of my asset. 

Under the circumstances the only source documents in this transaction is my original credit application. So basically, in good faith I relied on Goldman Sachs Bank 's presumption of indebtedness for transactions I was making on the account. Thinking they were being forthcoming and truthful in the alleged lending process. Upon more research I have also realized Goldman Sachs Bank never disclosed to me that interest coupons available every billing cycle were interest coupons that could be used to set off obligations of the account by an agreement of the parties. 

So not only did Goldman Sachs Bank deny me credit, they have participated in Fraudulent Misrepresentation, Deceptive Trading Practices and Truth In Lending Act violations. Goldman Sachs Bank has failed to make reasonable procedures to resolve this matter and compensate me for the use of my credit card, and under law, Goldman Sachs Bank is criminally and civilly liable for all actual damages pursuant to 15 U.S.C 1681 and 15 U.S.C 1681o. This has caused me much financial stress, and because of the damages it is my wish that the following terms be provisioned so that my equitable interest can be restored. 

I request that all future interest payment coupons by Goldman Sachs Bank shall by this agreement, have the full force and effect of Accord and Satisfaction of obligation, on all statements received upon its receipt. Secondly, that Goldman Sachs Bank accepts my interest coupon for the outstanding balance of {$5000.00} on the account or discharge it in full. 

Notice under the conditions aforementioned in this remedy section, any legal remedies by operation of law due to me not expressed herein are hereby not waived. Such remedies shall include but not be limited to legal fees, or monetary damages due under the law.

Company response to consumer: Closed with explanation