Consumer complaint received 2024-03-17 00:00:00
Product: Credit card — General-purpose credit card or charge card
Issue: Trouble using your card — Credit card company won't increase or decrease your credit limit
Company: DISCOVER BANK
State: GA

Complaint narrative:
XXXX XXXX I hope this message finds you well in good faith. I am writing Discover LLC /Discover Bank due to billing errors of security and language fraud upon my creative creation as obligor according to the laws provided and your prospectous agreement with the Security exchange . Security Exchange Act of 1934. According to your prospectous on the security exchange per your XXXX and XXXX forms application and installment agreement the interest belongs to the beneficiary ownership. Discover turned my security into a receivable according to XXXX of your agreement that I haven't received nothing in return as the obligor. I am aware that you are in violation of the security exchange because your prospectous also states that you have a fiduciary duty not to sell to the secondary market or Pre-commencement sales. This matter has caused me an unmeasurable amount of stress due to the constant harassment of making a tender in which the evidence show that I sent tender to be processed for payment via coupon. I am seeking remedies in an open credit line and my tenders of past to be credited back to my account. I appreciate your prompt response to this urgent matter and I have drafted a letter for all other agencies. 

16 CFR 681.1 ( b ) ( 1 ) Account means a continuing relationship established by a person with a financial institution or creditor to obtain a product or service for personal, family, household or business purposes. Account includes : ( i ) An extension of credit, such as the purchase of property or services involving a deferred payment; and ( ii ) A deposit account Definition of letter of credit which means 'full faith and credit '. A definite undertaking that satisfies the requirements of 5-104 by an issuer to a beneficiary at the request or for the account of an applicat or, in the case of a financial institution to itself or for its own account, to honor a documentary presentation by payment or delivery of an item value. 

15 USC 44 Documentary evidence includes all documents, papers, correspondence, books of account, and financial and corporate records.

16 CFR 433.1 Definitions 16 CFR 433.2 - Preservation of consumers ' claims and defenses, unfair or deceptive acts or practices 16 CFR 433.3 - Exemption of sellers taking or receiving open end consumer credit contracts before XX/XX/XXXX XXXX8 U.S. Code 3304 - Transfer fraudulent as to a debt to the United States ( a ) Debt Arising Before Transfer.Except as provided in section 3307, a transfer made or obligation incurred by a debtor is fraudulent as to a debt to the United States which arises before the transfer is made or the obligation is incurred if 28 U.S. Code 3302 - Insolvency ( b ) Presumption. A debtor who is generally not paying debts as they become due is presumed to be insolvent.

15 USC 1681i ( B ) Procedure in case of disputed accuracy These are the reinsertion requirements that the CRA has to follow when allowing an account to be reported by a furnisher of information on your report, especially after admission was accepted when they deleted it prior. 

15 U.S. Code 1693n - Criminal liability ( a ) Violations respecting giving of false or inaccurate information, failure to provide information, and failure to comply with provisions of this subchapter Whoever knowingly and willfully ( 1 ) gives false or inaccurate information or fails to provide information which he is required to disclose by this subchapter or any regulation issued thereunder; or ( 2 ) otherwise fails to comply with any provision of this subchapter ; shall be fined not more than {$5000.00} or imprisoned not more than one year, or both. 

18 U.S. Code 1961 - Definitions ( 1 ) racketeering activity means ( A ) any act or threat involving murder, kidnapping, gambling, arson, robbery, bribery, extortion, dealing in obscene matter, or dealing in a controlled substance or listed chemical ( as defined in section 102 of the Controlled Substances Act ), 3-603. TENDER OF PAYMENT UCC ( a ) If tender of payment of an obligation to pay an instrument is made to a person entitled to enforce the instrument, the effect of tender is governed by principles of law applicable to tender of payment under a simple contract.

( 3 ) Acceleration of debt and restriction of account prohibited. A creditor shall not accelerate any part of the consumer 's indebtedness or restrict or close a consumer 's account solely because the consumer has exercised in good faith rights provided by this section. A creditor may be subject to the forfeiture penalty under 15 U.S.C. 1666 ( e ) for failure to comply with any of the requirements of this section. 

15 U.S. Code 1666 - Correction of billing errors ( e ) Effect of noncompliance with requirements by creditor Any creditor who fails to comply with the requirements of this section or section 1666a of this title forfeits any right to collect from the obligor the amount indicated by the obligor under paragraph ( 2 ) of subsection ( a ) of this section, and any finance charges thereon, except that the amount required to be forfeited under this subsection may not exceed {$50.00}

Company response to consumer: Closed with explanation