Consumer complaint received 2024-01-08
Product: Credit card — General-purpose credit card or charge card
Issue: Getting a credit card — Application denied
Company: AMERICAN EXPRESS COMPANY (MO)

1. I have recently submitted an application to American Express and was denied access to my personal credit due to my private non-public information unlawfully granted to you by credit reporting agencies. 

2. My application is a written request for an extension of credit that is made in accordance with procedures used by a creditor for the type of credit requested - 12 CFR Subchapter A part 202. Per your prospectus report, after my application is submitted it is then purchased at a discount rate it is converted into a receivable/treasury marketable security i.e. trust asset per. 

3. How and why have I been denied credit? Per the Federal Reserve Act Section 16 ( 2 ), whereas it states " In no event shall such collateral security be less than the amount of Federal Reserve notes applied for. ", I the consumer should not have been denied credit. 

4. Per the FCRA, you have employed socioeconomic discrimination against me the consumer. The information American Express used to judge my 'creditworthiness ' was personal non-public information gained by a third party company and by doing so American Express XXXX adverse action against me has caused injury and emotional damage for I have not been able to acquire the things needed for my personal developments and growth. I have been distraught due to these actions against me. 

5. Per the Prospectus Report of American Express, there it states that " The primary assets of the trust are receivables in designated consumer American Express credit card accounts and Pay Over Time revolving credit features associated with certain American Express credit card accounts and, in the future, may include other charge or credit accounts or features or products. * The receivables consist of principal receivables and finance charge receivables. '' 6. Knowing all this information, how and why was I in any way discriminated against and denied open-ended credits as I have given American Express legal tender i.e. my tendered, endorsed and signed application? Does the policy of American Express grant it the authority to break the coded rules of 42 USC 1981 whereas it states I have the right to the enjoyment and benefit of my contract? Does the policy of American Express grant it the authority to omit key material information while using legal and highly technical business terminology? 

7. Extrinsic fraud is an act of deception or misrepresentation outside the event itself which deprives the victim of material information or participation. Failing to inform the account holder [ omission ] of key material facts during the IPO is securities fraud. My original promissory note served as an application which American Express converted into a receivable/trust asset. This information has never been made known to me by American Express. 

8. If I, the consumer may have given American Express authorization and/or Power of Attorney privileges with or without proper consideration, written, unwritten, verbal or non-verbal, I hereby revoke all authority and rescind American Express ' security interest.

9. Per the Prospectus Report of American Express, there it states that " The certificates will evidence undivided beneficial interests in the trust assets allocated to such certificates, representing the right to receive from such trust assets funds up to ( but not in excess of ) the amounts required to make payments of interest and principal in the manner described below. The certificates will be available for purchase in minimum denominations of {$100000.00} and integral multiples of {$1000.00} in book-entry form ... Payments of interest and principal will be made on each related interest payment date to the certificateholders in whose names the certificates were registered on the last day of the calendar month preceding such interest payment date, known as the record date. '' Therefore, if the application/securities/receivables are registered in my name, then all interest and dividends are due to me the consumer. Does it state anywhere in your policy that American Express has the right to extort and steal from the consumer? The actions of American Express against me are actionable per se. If the your answer to this complaint is served upon me by an attorney or any member of the XXXX XXXX XXXX, I would hope they heavily consider their oath whereas it states " I solemnly swear that I will support the Constitution of the United States, that I will faithfully discharge the duties of the office of attorney, and that I will conduct myself at all times with integrity and civility. '' Any action against this oath is misconduct and actionable per se.