Consumer complaint received 2024-08-20 00:00:00
Product: Credit card — General-purpose credit card or charge card
Issue: Closing your account — Company closed your account
Company: JPMORGAN CHASE & CO.
State: PA

Complaint narrative:
When I requested my XXXX XXXX, XXXX and XXXX report, I was made aware that CHASE charged-off my Visa Card Account Ending in XXXX. According to the IRS publication 4681, Charged Off accounts and anything with a 3rd party debt collector is considered Certificate of Indebtedness. Also Charge-offs/ Certificate of Indebtedness is also considered income, and income can not be reported to my credit report. Also because the accounts were charged-off, I know a 1099 was filed on the account. 


As far as the inquiries on my credit report, CHASE is considered a financial institution operating under a corporation and by definition under title 15 U.S. Code 1681b - Permissible purposes of consumer reports, they need my consent to furnish anything to my consumer report, therefore in reference to them reporting anything to my credit report as well as the inquiries by them on my consumer report, it is a violation to report any of my information. I absolutely did not give CHASE consent to furnish any information to XXXX XXXX, XXXX, XXXX and/or any other 3rd party institutions. 


Not only has CHASE closed my account without my consent, CHASE is performing against their own indentured trust operating agreements. I have proof my private information has been sold to 3rd parties. I am very aware of my Consumer Rights, and according The Securities Exchange Act of 1934 and The Trust Indentured Act of 1939, CHASE is in Violation according to their own prospectus as well as their XXXX and XXXX forms on SEC website. I indeed am protected by my lawful rights, and land of the law. CHASE is a Corporation who took my personal information then turned it into a security and sold it over to the primary and secondary markets and in the process extended back to me, my own credit when it should have been an unlimited charge card, because I am the one who furnished them a security with my information. I am claiming my Bonafide Purchaser rights, being as though CHASE is merely a Credit Furnisher, as well as a Corporation, which can not speak. Having knowledge from CHASEs prospectus report, I have come to terms, I simply invested into their company. CHASE has been disregarding the Trust Indentured Act of 1939 as well as The Securities Exchange Act of 1934. 

CHASE has caused me extreme physical, mental, and emotional distress, putting a financial strain on my life. I frequently use my card to pay for my bare necessities for myself and my family. After many failed attempts of getting through to any live speaking agent ( s ) who could properly provide remedy, It was concluded that CHASE, were unwilling to provide any equitable relief for me, especially knowing there is remedy for debt to be discharged, nor were they making any attempts to provide any alternate remedy. CHASE has been harassing me through solicitation mail, emails, phone calls, texts etc. at all hours of the daytime and evening hours. CHASE has not only caused me unnecessary health issues, my privacy as well has been invaded and credit score depleted. According to the Privacy Act of 1974, my information was improperly used, reported, mishandled, and sold to other 3rd parties, as well as put on the primary and secondary markets, by CHASE, and for that reason I am well within my right to sue.

Company response to consumer: Closed with explanation