Consumer complaint received 2025-02-27 00:00:00
Product: Credit reporting or other personal consumer reports — Credit reporting
Issue: Problem with a company's investigation into an existing problem — Their investigation did not fix an error on your report
Company: NAVY FEDERAL CREDIT UNION
State: GA

Complaint narrative:
NOTICE OF DISPUTE, REDEMPTION OF LAWFUL MONEY, PRIVACY VIOLATION, XXXX XXXX XXXX XXXX XXXX Notice to Principal is Notice to Agent | Notice to Agent is Notice to Principal To Whom It May Concern, I, XXXX ; XXXX XXXX, a private investor, am writing to formally dispute inaccurate and unverifiable derogatory items appearing on my credit report and to assert my right to redeem financial instruments in lawful money pursuant to 12 U.S.C. 411. 

Additionally, I have previously provided a promissory note via my original credit application, which created a negotiable instrument that your institution has leveraged in financial markets. Since this note was extended as consideration, I am entitled to receive the interest on payments made under this agreement. These are financial instruments that I have a legal right to collect, pursuant to the indenture agreement you have on file with the SEC. 

In many instances, I have tendered payment by offering valid consideration in the form of Federal Reserve XXXX, which under the existing monetary system should constitute setoff and discharge of any alleged obligation. When such payment has been offered, any rejection of that payment must still be honored, or the refusal must be properly explained. As such, I have provided value in the transactions, and the continued reporting of derogatory items constitutes unjust enrichment and misrepresentation of my financial standing. 

XXXX. Redemption of Lawful Money & Revocation of Unknowingly Granted Powers I hereby demand the redemption of all funds, securities, and financial instruments derived from my estate and credit activities in LAWFUL MONEY under 12 U.S.C. 411, which states that the option to receive lawful money must be honored upon request. 

Further, I revoke any and all rights, powers, or authorizations I may have unknowingly granted to any financial institution, credit bureau, or third-party entity that may have : Used my credit application as a negotiable instrument and unlawfully monetized it. 
Securitized my financial instruments without full disclosure or consent. 
Converted my financial obligations into debt securities under fraudulent pretense. 

Since you are affiliated with financial institutions and willingly serve their business partners, and since I am associated with these same businesses and partners, I demand that you relay my instructions to the institutions as an agent to the principal. Your continued reporting of information obtained from these financial institutions without properly investigating or communicating disputes to the original creditor constitutes a breach of duty. 

Failure to comply will be considered willful negligence and a violation of agency principles, further subjecting your institution to liability under agency law for failing to act upon direct notice from an associated party. 

XXXX. XXXX XXXX XXXX XXXX XXXX XXXX XXXX and Trust Laws All financial transactions must comply with XXXX XXXX XXXX XXXX ( XXXX ), particularly regarding the proper classification of assets, liabilities, and equity under the XXXX XXXX XXXX XXXX ( XXXX ) guidelines. 
Under XXXX XXXX XXXXXXXX, any account receivable that has been securitized must be accounted for as a liquidated asset, which means the original obligation must be written off as paid on the ledger. 
Under XXXX XXXX XXXXXXXX, financial instruments that are actively traded or securitized must be reported as cash equivalents, meaning the alleged debt has already been monetized and should not appear as an outstanding balance on my report. 
Failure to follow XXXX results in fraudulent accounting entries, double-booking of liabilities, and deceptive financial reporting practices. 

Additionally, because a contract forms a trust, the trustee ( financial institution ) has an obligation to act in good faith and with full disclosure. The following contractual and trust laws have been violated : Restatement ( Second ) of Contracts XXXX Duty of Good Faith and Fair Dealing : The creditor had a fiduciary duty to disclose how my credit application was monetized and must now rectify any misleading financial statements. 
XXXX XXXX XXXX XXXX Duty of Loyalty : The financial institution failed to act in my best interest by not disclosing the profit generated from my financial instruments. 
XXXX XXXX XXXX XXXX Duty to Inform and Account : The institution failed to provide a full accounting of all funds received, transferred, or securitized under my name. 

I demand full forensic reconciliation of all transactions associated with my financial instruments. 

XXXX. Direct Treasury Account Deposit Demand I demand that all redeemed funds be deposited into my Treasury Direct Account for proper settlement : Treasury Direct Account Number : XXXX All associated securities, bonds, and XXXX  transactions should be accounted for and reconciled in my favor. 

I demand a full forensic audit and disclosure of any and all securities or financial instruments tied to my NAME or ESTATE, including : XXXX  numbers assigned to my credit transactions. 
Proof of any liens, trusts, or financial vehicles where my financial standing has been leveraged. 
A clear statement of how my promissory note or original application was used in any market transactions. 

I demand full compliance with XXXX XXXX, XXXX, and XXXX regarding the enforcement and discharge of negotiable instruments. 


Specific Accounts & Tradelines in Dispute I demand the immediate removal of the following derogatory items that are either inaccurate, unverifiable, or improperly reported : XXXX  XXXX XXXX ( Account # XXXX ) ** Incorrect charge-off. The account was closed by the credit grantor and falsely reported as charged off, in violation of 15 U.S.C. 1681s-2 ( a ) ( XXXX ) ( B ), which prohibits furnishing information that is inaccurate or misleading. 
NAVY FEDERAL CREDIT UNION ( Account # XXXX ) ** Erroneous charge-off. The account was reported with a maximum delinquency of XXXX days, yet there is no signed validation of the debt per 15 U.S.C. 1666i-1. 
NAVY FEDERAL CREDIT UNION XXXX XXXX ( Account # XXXX ) ** Falsely reported as charged off with an unpaid balance despite evidence of tender of payment. This is a violation of XXXX XXXX, which states that refusal of payment results in discharge. 
XXXX XXXX XXXXXXXX XXXX XXXX  ( Account # XXXX ) ** This account was paid in full but was still reported with charge-off remarks. This is an act of malicious reporting and unjust enrichment. 
XXXX XXXX XXXXXXXX XXXX XXXX ( Account # XXXX ) ** Account was paid as agreed, yet the negative marks remain. This is a breach of fair reporting laws under the FCRA. 
ANY OTHER REMAINING DEROGATORY ENTRIES NOT ALIGNED WITH XXXX should be deleted as well, since reporting discrepancies violate 15 U.S.C. 1681e ( b ), which requires maximum possible accuracy. 

Pursuant to 15 U.S.C. 1681i ( a ) ( XXXX ) ( A ), I demand a full reinvestigation of these accounts and either : Immediate removal of unverifiable items within XXXX  days, or Full validation, including the original contract bearing my wet-ink signature, proof of lawful consideration, and verification that the reporting furnisher had the legal right to report these accounts. 

XXXX. Demand for Communication & Compliance with FCRA In accordance with 15 U.S.C. 1681i ( a ) ( XXXX ), you must provide me with a written response detailing the results of your investigation no later than XXXX  days from receipt of this notice. I require that all communications be directed exclusively to me via : Certified Mail : XXXX XXXX XXXX XXXX XXXX Email : XXXX Im currently homeless partially do to the discriminate practice of a social credit score that doesnt reflect my competency and capacity to contract fairly. 

Failure to adhere to these lawful instructions will constitute willful noncompliance, a violation under 15 U.S.C. 1681n & 1681o, subjecting your agency to statutory damages, punitive damages, and potential injunctive relief. 

I will seek {$1000.00} per violation of the FCRA, XXXX, and contractual laws breached, along with additional penalties for deceptive financial reporting practices and breaches of agency and trust law. 

XXXX. Legal Notice & Reservation of Rights This letter serves as prima facie evidence of my dispute and lawful demand. All rights are reserved under XXXX XXXX, and no contractual presumptions may be made against me without my explicit consent. 

I expect full compliance and a written response within XXXX  days. 

Sincerely, XXXX XXXXXXXX XXXX XXXX XXXX [ XXXX XXXX XXXX XXXX XXXXXXXX XXXX  XXXX ] Non-Domestic, Without Prejudice All Rights Reserved, UCC XXXX XXXX ENFORCING REDEMPTION OF LAWFUL MONEY, MONETARY RIGHTS & XXXX XXXX XXXX XXXX Federal Laws Governing Lawful Money & Monetary Rights XXXX XXXX. XXXX Lawful Money Redemption Grants the right to demand all transactions be redeemed in lawful money rather than Federal Reserve XXXX ( XXXX  ). 
XXXX XXXX. XXXX XXXX XXXX Laws Defines what constitutes legal tender, establishing how financial institutions must recognize different forms of lawful payment. 
XXXX XXXX. XXXX XXXX from XXXX XXXX XXXX XXXX XXXX interest-bearing federal obligations from state taxation, reinforcing the obligation to account for lawful money correctly. 
XXXX  XXXX XXXX ( XXXX ) XXXX XXXX XXXX XXXX XXXX XXXX XXXX Prevents creditors from demanding payments in gold and reinforces the need to settle obligations through credit, setoff, and discharge. 

XXXX. Uniform Commercial Code ( XXXX ) Negotiable Instruments & Discharge of Debt XXXX XXXX ( XXXX ) Definition of Money Reinforces that lawful money is not the same as Federal Reserve XXXX XXXX XXXX  ). 
XXXX XXXX Negotiable Instruments Recognizes promissory notes and checks as negotiable instruments, requiring proper endorsement and crediting. 
XXXX XXXX Holder in Due Course Protection Protects those who have given valuable consideration from unjust claims. 
XXXX XXXX XXXX of XXXX XXXX that when payment is tendered and refused, the obligation is discharged. 
XXXX XXXX Discharge by Cancellation or Renunciation Any financial instrument can be discharged when obligations have been satisfied. 
XXXX XXXX ( a ) ( XXXX ) Definition of Secured Party Clarifies the status of individuals with a security interest in their own promissory notes. 
XXXX XXXX Request for Accounting & Secured Party Status Gives the right to demand a full accounting of financial instruments, CUSIP numbers, and securities transactions. 

XXXX. XXXX & XXXX XXXX ( XXXX XXXX XXXX XXXX XXXX ) Restatement ( Second ) of Contracts XXXX Duty of Good Faith and Fair Dealing Creditors must act honestly and fairly in their financial dealings. 
XXXX XXXX XXXX XXXX Duty of Loyalty Trustees ( banks, credit bureaus, and institutions ) must act solely in the interest of the beneficiary. 
XXXX XXXX XXXX XXXX Duty to Inform and Account XXXX trustees must provide full disclosure and accounting of transactions. 
XXXX XXXX XXXX of XXXX ( XXXX XXXX. XXXX ( a ) ) XXXX XXXX XXXX XXXX institutions must maintain accurate and transparent records. 
Fair Debt Collection Practices Act ( 15 U.S.C. 1692g ) Validation of Debts Requires written proof of any alleged debts, including the original wet-ink contract. 

XXXX. XXXX XXXX & XXXX Regulations ( XXXX  Compliance ) XXXX XXXX XXXXXXXX Cash Equivalents Accounting Requires proper classification of monetized promissory notes as cash assets. 
XXXX XXXX XXXX Receivables Accounting Prevents double booking of debts after securitization. 
XXXX XXXX XXXX XXXX for XXXX XXXX XXXX XXXX XXXX XXXX XXXX financial institutions to properly record asset transfers and securitization. 
Securities XXXX of XXXX ( 15 U.S.C. 77a et seq. ) XXXX XXXX XXXX XXXX XXXX full transparency when securities are created from credit applications. 

XXXX. XXXX XXXX XXXX XXXX XXXX XXXX ( FCRA & Privacy Laws ) 15 U.S.C. 1681e ( b ) Duty to Maintain Maximum Possible Accuracy Credit bureaus must ensure all information is verified, accurate, and non-deceptive. 
15 U.S.C. 1681s-2 ( a ) ( XXXX ) ( B ) Prohibition Against Furnishing Inaccurate Information Institutions must correct or delete false financial data. 
15 U.S.C. 1681i ( a ) ( XXXX ) ( A ) Right to Dispute and Reinvestigation Grants the right to demand an investigation into erroneous financial reporting. 
15 U.S.C. 1681n & 1681o Remedies for Willful & Negligent Violations Authorizes damages of {$1000.00} per violation. 
XXXX XXXX ( XXXX XXXX. XXXX ) Privacy Protection Requires financial institutions to safeguard personal financial data. 

XXXX. XXXX XXXX & Legal Remedies Restatement ( Third ) of Agency XXXX Agency Relationship Defined Establishes that credit bureaus act as agents for financial institutions. 
Restatement ( XXXX ) of XXXX XXXX Duty to XXXX XXXX Requires agents ( credit bureaus ) to relay all disputes and communications to their principals ( financial institutions ). 
XXXX XXXX ( Willful Negligence & Malicious Misrepresentation ) Holds institutions liable for economic damage caused by false financial reporting. 

ENFORCEMENT DEMAND SUMMARY XXXX. Lawful Money Redemption All transactions must be redeemed in lawful money per 12 U.S.C. 411. 
All redeemed funds must be deposited into XXXX  XXXX Account # XXXX. 

XXXX. XXXX XXXX XXXX XXXX XXXX of payment already made ( XXXX XXXX, XXXX ). 
Debts should be written off under XXXX XXXX XXXX. 

XXXX. XXXX XXXX XXXX XXXX securitizations, XXXX  numbers, and trusts must be disclosed per XXXX XXXX. 
Financial reporting must comply with the Securities XXXX of XXXX. 

XXXX Credit Report Dispute All inaccurate tradelines must be removed per FCRA ( 15 U.S.C. 1681i ). 
Failure to correct errors results in {$1000.00} per violation under 15 U.S.C. 1681n & 1681o. 

XXXX. Legal Recourse Failure to comply will result in complaints filed with the CFPB, FTC, and Attorney General. 
Potential litigation for injunctive relief, economic damages, and punitive penalties. 

FINAL DEMAND I, XXXX ; XXXX XXXX, demand immediate compliance with these legal obligations. I expect full correction of my credit reports, financial disclosure of my instruments, and redemption of all lawful money owed to my estate. 

Failure to act within XXXX  days will be considered willful negligence and a direct violation of statutory, contractual, and fiduciary obligations.

Company public response: Company believes it acted appropriately as authorized by contract or law
Company response to consumer: Closed with non-monetary relief