Consumer complaint received 2023-12-22 00:00:00
Product: Credit card — General-purpose credit card or charge card
Issue: Closing your account — Company closed your account
Company: CAPITAL ONE FINANCIAL CORPORATION
State: LA

Complaint narrative:
CAPITAL ONE received communication XX/XX/XXXX via registered mail rescinding the security interest and directed the Indentured trustee and CFO to redirect interest and dividend payments to the Treasury account of the Principal. Capital one ignored the registered mail, 21 days passed the recension stands. Capital one then replied with injury and adverse action by closing the account. By law coupled with the recension, Capital One can not demand through a unconscionable agreement that a debtor pay a debt with a debt/cash. Cash, Federal Reserve Notes are promises to pay, not a payment. Capital one til this very day continues to steal the interest and equity of the Principal. Capital One was also informed and now are in a position of knowledge of the implied surety. Capital one closed the account with this knowledge without the consent of the Surety resulting in exoneration. Capital one is incorrect the the debt is mine. Capital One sold the Security Application without valuable consideration via false and misleading statements Capital One refuses to credit the Principal the Dividends owed to the Principal. Capital One has knowledge that I am the implied Surety. Per the Capital one XXXX, XXXX, Prospectus, and the Trust Indenture, all acknowledge the RIGHTS as the holder, holder in due course, and the rightful owner of the Matured Securities mailed and received every month reflecting the interest due to the Principal INVESTOR. This relationship spawned out of Capital One trading the Security collateral/application of the Principal resulting in a voided agreement based on Breach Of Contract. All of which Capital One has knowledge received via Registered Mail. Capital one has refused full disclosure for obvious reasons. Capital one is reporting late payments on an open end consumer credit plan which is also against the Law based on TILA. Capital one has violated the Law again by reporting to the credit bureaus. Capital one is ordered to follow the Law. In order to report to the third party non affiliates, credit bureaus, Capital one is to contact the Principal giving them notice and an opportunity to opt out of the reporting. This was never done. This is a gross and negligent violation of rights due to the Principal. Capital one has responded with a ton of hearsay and not evidence, acting as if Capital one has no knowledge of the facts sent via registered mail. I have receipts of every communication sent to Capital One. Due to the Securities Fraud carried out by Capital one, the Principal issued a 1099A received and accepted by the IRS. After receiving the 1099A, Capital One responds by discharging the debt taking further adverse action resulting in injury to the Principal and implied Surety. This is documented and evidenced by the dates recorded by the IRS 1099A ect. Discharged debt is considered income and income can not be reported to the Bureaus, Capital One has again violated the rights due to the Principal. Capital One has also neglect to credit the Principal account for the dividend payments they receive monthly from the Principals Treasury Coupon via the Electronic Funds Transfer Act of the interest on the Treasury Coupon. Capital One has also avoided the IRS for the same reason. Capital one also received written instructions via registered mail to do so after a written letter of communication sent also by Registered mail, 14 days before any action was taken to claim the dividend payments. Capital One receives a Security and they steal it, PERIOD. I agreed to pay the Credit Card indebtedness via the Certificate of Indebtedness by periodic deductions from the deposit account. See TILA for the definition of Deposit Account. Capital One has also refused Tender of payment at least 6 times all documented and recorded sent via Registered mail. Refusal of Tender results in discharge of the debt according to the law. As for the address on file, Capital One sends a registered Security not by Registered Mail, to the address on file. The Security, now in the hands of the Holder, Holder in due course, and the registered owner has been performed according to the Law. Capital One has denied the rights of a Holder, etc. Capital One has been instructed to credit the certificates of indebtedness in the Principal account monthly and has refused to acknowledge the rights due to a Holder. Capital also sent evidence of each Security they stole from XX/XX/XXXX to XX/XX/XXXX proving the Securities Fraud. Capital one openly states they do not accept Tender of Payment called and I quote " Accepted for Value, or other alterations attempting to be an offset, payment, or presentment. Placing such a stamp, or other alteration on your billing statement does not change it into a Money Order, or other form of payment. We only accept legal tender for payments on accounts. '' Capital one refused Tender. Capital One refuses presentments of Securities by the Holder/ registered owner while transferring the exact same Securities to the Trust Indenture for value. Capital One refuses valuable consideration to the Principal violating the rights of the Principal and violating multiple laws concerning handling of Securities. The response from Capital One in my opinion is a response of false and misleading statements. This will be verified by the SEC via a forensic Securities audit. Capital one has and continues to violate the Rights of the Principal, the Holder, and the Holder in Due Course. Capital One has contacted the Debtor without consent of the Surety, exonerating the Surety. Capital One has changed the agreement without consent from the implied Surety. Capital One discharged the " debt '' without consent from the Surety. Capital on has refused as requested, if creditor does not apply the debtor 's security ( promissory note ), as tender of payment and collection, to the account as paid in full or state that you are disclaiming the tender or were unable to get collection from an insolvent debtor, then I shall be discharged as surety. Capital One must address the content of THIS complaint and not respond to something other for distraction. Under the The Privacy Act of 1974,

Captital One has committed multiple violations. Lastly Capital One sold the Security Application/ Promissory note without valuable consideration to the Investor, the Principal. Under TILA Capital One filed a KYC and the actions of Capital One amount to Securities Fraud. SEC complaint will be next.

Company response to consumer: Closed with explanation