Help - How To Pay Bills with Coupon

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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


2 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.

1 Answer
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Olga Houston
Best Answer

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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