UCC 3-604 says someone owed an obligation has the right to cancel the obligation owed to them, not the other way around.
It’s not like they actually read it. They pay someone else hundreds or thousands of dollars to do that reading for them to get out of that $30 minimum payment bill.
They wrote it at the wrong angle and used the wrong color ink. If they had gone to my site they could have purchased an official SovCit protractor with included pen for only $130 in federal reserve notes and these debts would be history!
Hey, it’s Credit One, a notoriously predatory bank. Interest rates are high, fees are aplenty, and they’re not exactly kind. I’m in the credit card hobby and they’re famous for being shit (but situationally useful if you’re trying to rebuild credit). If you’re one of those and use it properly then cancel it, it’s fine. If you don’t pay it off, the balance balloons.
This person will continue to compound interest and fees until they charge off the account, sell it to some collector, and eventually one of the collector human centipede segments will sue them. Some banks will occasionally let go of debts, but a Credit One charge off will probably see this individual trying sovcit tactics in court -> judgment -> wage garnishment eventually.
I love that you think a sovcit earns a wage.
