Consumer complaint received 2024-04-25 00:00:00
Product: Credit card — General-purpose credit card or charge card
Issue: Getting a credit card — Application denied
Company: DISCOVER BANK
State: TX

Complaint narrative:
I, XXXX : XXXX, an American XXXX, XXXX XXXX XXXX XXXX being, private secured party and authorized agent for XXXX XXXX ( PRINCIPAL ) had applied for a Discover card to assist in my efforts of building up credit for the principal on the XXXX day of XX/XX/XXXX, Discover card application XXXX. 
I had received the confirmation for the application via email on the same date. I received a denial letter on saturday the XXXX day of XXXX XXXX. This letter was quite general and not very forthcoming as the cause for denial. It reads, NO CREDIT RECORD AVAILABLE. I know there is a lack of credit history because the PRINCIPAL opted out of all credit cards and corporate banking systems for the very reasons Im complaining about today back in XXXX ; and back then there were lines of credit, car notes, bills etc. However with the trajectory of the " corporate democracy '' and all of its horrid corruption again we opted out of this system. As you all well know today we are headed in a horrid direction with this social credit digital system and the only way one can contract, purchase and more is through credit via its commercial digital system using our preestablished estates/credits.

I called the number on the denial letter and was informed on a recorded call that You dont have enough credit lines available and that at this time, Discover card needs to see you having more time with other creditors before we can issue you a line of credit She further referenced the Dodd Frank Act! I requested she mail me what ever it was she was quoting me from and or additional info pertaining to the " NO CREDIT RECORD AVAILABLE ''. I was informed that by law the letter that was sent is all that is required of Discover Card. This is probably because she realized the act is to protect the consumer from the very thing we were discussing. See quoted text below on the Act in question. This is preposterous, unlawful and XXXX because I am the initial organic source of credit. You offer a line of credit to a person from their estate and force them to pay you back when everything is prepaid and there are no lawful funds available to the people. Hence the Trading with the Enemy Act. Only the Board of Governors is allowed to utilize FRNs so they had figured out a way to sucker punch the people again with the Trading With The Enemy Act. Its my credit after all and further Dodd Frank Act has been violated. You would have no income without our estates and without the miseducation of the people by those who create these acts and more. We unfortunately need one another and your not doing your parts, period! Greedy corrupt practices. 
Ive downloaded and stored Discover Cards prospectus ( both XXXX and XXXX ) as well as the indenture trustee agreement ( trust agreement on file with the SEC ), have the authorized agents address and name and may be forced to file a report with the SEC and request an audit from IRS and Ive done my due diligence on reading/ researching the reports mentioned. Im not going to waist my time and or your time listing the many violations of codes, Acts and agreements ( with the SEC and governing laws of the IRS ) your company has on file because I can discern from the prospectus and trust agreement that you darn well know how unlawful your actions are. Now, Im familiar with the Laws of the SEC i.e. the trust indenture act, trustee act, Securities Exchange act, Securities Act, consumer protection, the Dodd Frank Act, Consumer Protection Act ( and more ) and additional applicable laws associated with credit, credit lines and banking and have located many of these acts/ laws codified at CFRs and USCs . Not that these matter to Discover nor affiliates.

I know for a fact my submitted and electronically signed application in conjunction with the EFT Act ( and more. It seems these acts only assist corporation in their unlawful advances on the very investors that made them big fish ) has been collateralize and monetized once transferred. Additionally, a new XXXX  # is issued ( in a pooled batch making it seem as though my application is completely separate from my original. Now Im curious if there is any hypothication. Ill go and investigate further after this complaint. ) in relation to said application ( added to a pooled batch of securities ) of which obfuscates Discover or its indenture trustee from having to pay additional taxes on the newly securitized ( XXXX  ) and further monetized security ( which is my application ). Ive read the parts of your prospectus stating you generally write off much of whats due prior to the consumer having to pay. We are still under the Emergency Banking Act meaning everything in commerce is prepaid and from the looks of your indenture agreement and the prospectus your already aware of this and have no problem using this fact to your full advantage at the disadvantage of your Investors. Discover Card commences the write offs and still expects the consumer to pay up and when they dont their cards closed or placed in collection. This nearly equates to XXXX  % profits not to mention all the card use fees and late charges and or interest charges ; which is the bulk of your revenue. Meaning you also hide the fact that Discover Card forces people to continue to pay all the fees and monthly statements but probably hide that fact from eyes of the Tax guys. Thats the IRS.

OPPORTUNITY TO CURE Truly unlawful, fraudulent acts on Discover Cards behalf. You have several options to choose from to cure/ resolve this matter immediately. FIRST, I require you return my security complete with XXXX  which will equate to the return of equity to its rightful owner. I provided your company a loan/ a way to generate income, assets, equity etc via a security by way of the application and expect just compensation in return. However it seems that more and more credit card companies such as Discover Card ( and discover bank, subsidiaries and its affiliates ) fall right in line with the corrupt practices of the banking industry. You and corporations such as yourself have gotten away with so much corruption and malfeasance off the backs/ labor/ equity of the people who made you. SECOND option is to send my dividend checks to my treasury account to be securitized and deposited in to my bank account by the Treasury once theyve securitized the revenue generated off of my signature from Discover Card. Discovers THIRD option is to provide me a line of credit in the amount of XXXX and in the name of XXXX XXXX and send me a black and orange card.

Im done being a welcome mat to corporations like this and am ready to defend. If none of the above options suit you ; I will follow through with the IRS audit and the report directly to the SEC. Thank you for your attention and time on this unresolved unlawful matter, XXXX XXXX XXXX

Company response to consumer: Closed with explanation