What are CPN Numbers?
A CPN Numbers is a credit privacy number, also known as a credit profile number, with a nine-digit identification number that some companies claim can be used instead of a Social Security number. They are sold as a more private option for Social Security numbers, attractive to people looking to cover their bad credit history. CPN Numbers are sold to customers to hide a bad credit history or bankruptcy. They will also say that you can apply for a loan using the CPN instead of your SSN with your new credit identity.
What is the aim of a credit privacy number?
The idea that you can change your Social Security number may sound tempting, and low credit can prevent you from qualifying for new credit or reasonable interest rates. In some cases, a poor credit rating can even prevent you from renting a job or apartment. The ability to purchase CPN Numbers in place of your Social Security number may sound like a new beginning.
Others may want to protect their social security number to protect themselves from identity theft. Many applications for loans, credit cards, jobs, and housing require your Social Security number. It might sound tempting to use a CPN instead to avoid your Social Security number falling into the wrong hands. Unfortunately, CPN Tradeline Packages are too good to be true.
How does CPN work?
CPN Numbers providers often claim that the use of these numbers is permissible under the U.S. Privacy Act of 1974. This law permits users to keep records of their SSNs unless the provision of SSNs is expressly required by federal law. Because the federal government does not require SSNs from consumers for credit applications from private companies, you are free to keep your SSNs — but lenders are also free to refuse your loans without this information. The U.S. Privacy Act of 1974 does not allow the use of a CPN to replace your actual SSN on a loan application, contrary to what some loan repair companies believe.
Sometimes creditors fail to thoroughly verify the applicant’s identity, which allows some individuals to object to the use of the CPN Numbers- in the first place. Some people skip using fake SSNs sold as CPNs in loan applications in place of their real SSNs because lenders sometimes don’t validate applications carefully enough to confirm that the name in the application is the equivalent of the specified SSN.
Why Do People Want to Use a CPN?
There are several reasons you might want to use a CPN Tradeline Package. First and foremost, you may be concerned about identity theft — after all, someone getting your hands on your social security number could wreak havoc on your life — they could open a bank account and apply for credit cards and loans in your name, or take advantage of your medical & employment-related benefits.
Of course, the less you use your social security number, the less likely identity thieves will steal it. Another reason you’ll want to protect your Social Security number is that someone who gets the number can learn a lot of information about you — where you live, what you have, and what’s happening in your life.
Conclusion
A Summary Credit Privacy Number, or CPN Numbers, is typically a nine-digit number incorrectly advertised as a substitute for a Social Security number. Bad credit users who have difficulty applying for credit cards, loans, and other types of credit are usually the target of CPN.
To restore your credit, it would be best to reach out to the Authorized User immediately. We can offer you reliable solutions and help you rebuild your credit.