Help - How To Pay Bills with Coupon

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This forum is to get help related to the course "How To Pay Bills with Coupon. Share and discuss your problems and solutions.

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letter from Synchrony Bank

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Andrew

long story short - in response to a coupon and 1099A sent

Synchrony Bank does not accept promissory notes or trust collateral as a form of payment. We are not obligated by any law to do so.

Synchrony Bank requires payment to be made by check,money order, over the telephone at (number) or online at (website) You may also pay by United States currency.

etc...

I am crafting a response, is the coupon a promissory note? I don't thinks so. thoughts?  US currency is FRNs a debt instrument. they kept the coupon and the 1099A


4 Comments
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rock crusher
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Read the postal rule acceptance of the contract is when you mail it.

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William whalen
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If they kept them then like CAH says. It's paid but if need be then move on to the conditional acceptance.

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Noman Almarifawi
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What do you do if they retuned them. then what?

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Christian
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i’ve heard from christopher hauser on “youhavetheright” conference call on youtube that people were sending in the coupons to the treasury and directing Janet Yellen to pay the coupon to the credit card accounts. and everyone who did that got it paid out as quickly as 3-4 weeks. it’s because the bank can’t deny payment directly from the treasury.. i think this would be our best bet. but what i’m looking for, which would help us all is some sort of template of what exactly to say to the treasury when sending the coupon out to them.

4 Answers
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Best Answer

Also, write 'Money Order' on top of the coupon along with the UCC codes perhaps?

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Christian
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it says on the course to do that but if you listen to all of chris hauser videos he specifically says not to write the UCC codes on the coupon

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Ann-Ruth
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write money order on top of the coupon and send it again

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Chris
Best Answer

Complete a conditional acceptance and include the law below:

18 U.S. Code § 8 - Obligation or other security of the United States defined - The term “obligation or other security of the United States” includes all bonds, certificates of indebtedness, national bank currency, Federal Reserve notes, Federal Reserve bank notes, coupons, United States notes, Treasury notes, gold certificates, silver certificates, fractional notes, certificates of deposit, bills, checks, or drafts for money, drawn by or upon authorized officers of the United States, stamps and other representatives of value, of whatever denomination, issued under any Act of Congress, and canceled United States stamps. (June 25, 1948, ch. 645, 62 Stat. 685.)

Also let them know they may be committing mail fraud by continuing to send you statements (bonds) without any updates to account after they have accepted your coupon. 

18 U.S. Code § 1341 - Frauds and swindles - Whoever, having devised or intending to devise any scheme or artifice to defraud, or for obtaining money or property by means of false or fraudulent pretenses, representations, or promises, or to sell, dispose of, loan, exchange, alter, give away, distribute, supply, or furnish or procure for unlawful use any counterfeit or spurious coin, obligation, security, or other article, or anything represented to be or intimated or held out to be such counterfeit or spurious article, for the purpose of executing such scheme or artifice or attempting so to do, places in any post office or authorized depository for mail matter, any matter or thing whatever to be sent or delivered by the Postal Service, or deposits or causes to be deposited any matter or thing whatever to be sent or delivered by any private or commercial interstate carrier, or takes or receives therefrom, any such matter or thing, or knowingly causes to be delivered by mail or such carrier according to the direction thereon, or at the place at which it is directed to be delivered by the person to whom it is addressed, any such matter or thing, shall be fined under this title or imprisoned not more than 20 years, or both. If the violation occurs in relation to, or involving any benefit authorized, transported, transmitted, transferred, disbursed, or paid in connection with, a presidentially declared major disaster or emergency (as those terms are defined in section 102 of the Robert T. Stafford Disaster Relief and Emergency Assistance Act (42 U.S.C. 5122)), or affects a financial institution, such person shall be fined not more than $1,000,000 or imprisoned not more than 30 years, or both. (June 25, 1948, ch. 645, 62 Stat. 763; May 24, 1949, ch. 139, § 34, 63 Stat. 94; Pub. L. 91–375, § (6)(j)(11), Aug. 12, 1970, 84 Stat. 778; Pub. L. 101–73, title IX, § 961(i), Aug. 9, 1989, 103 Stat. 500; Pub. L. 101–647, title XXV, § 2504(h), Nov. 29, 1990, 104 Stat. 4861; Pub. L. 103–322, title XXV, § 250006, title XXXIII, § 330016(1)(H), Sept. 13, 1994, 108 Stat. 2087, 2147; Pub. L. 107–204, title IX, § 903(a), July 30, 2002, 116 Stat. 805; Pub. L. 110–179, § 4, Jan. 7, 2008, 121 Stat. 2557.)

Hope this helps you on your journey.

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Bryan Pelaez
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When they send you a bill, the bill represents that they accessed your credit for that much. OK you have to file a tax return and asses the tax. You do a Pay To The Order on the Bill " Pay to there Department of Treasury, Charge the sum to the person who sent you the bill, Synchrony Bank: Credit it to your account with your SSN # Your paying the tax to the IRS and the IRS can bill the account of the person that sent you the bill.You are not doing that so they are billing you for it. They keep the coupon plus the check you sent them , they are double dipping. Every Bill is a tax bill. So take each bill and do "Pay to the Order of the IRS (Original to the IRS) send a copy to the person that sent you the bill along with a 1040V, 1040, 1096 and an 1099 OID. Put it as income. How many 1040's in a year? Depends on how many transactions you have, Put all transactions on one form wait until the end of the year. They are using your money and not reporting it


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George Finn
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Hi Bryan
Is this a synopsis of the W4 sandwich process? (if it is, it is a good one.)

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Olga Houston
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The coupon is an "instrument" UCC 3-104, to be paid in full. They already dug into your trust and got the total amount, and make us pay again. They accepted the contract by keeping your coupon and 1099A. First attempt: remittance letter, further push back = 2nd attempt is a Conditional acceptance letter.

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