You all must be aware of the amount of harm or damage a bad credit score can do, aren’t you? There is nothing that you are not willing to improve your credit scores. And it is why you heard of the CPN number; it seems like there is still a ray of hope of getting your credit slate clean and starting from scratch. CPN numbers are in vogue in the business and credit sector. If you don’t know this fact, you might be living far from this world. Please don’t take it badly, because, in the following paragraphs, you will know everything you need about CPN numbers.
Understanding CPN number
CPN stands for credit privacy or profile number and is a 9-digit number like social security number (SSN). CPN is an alternative to SSN and helps protect your privacy about credit documents. A CPN is also called SCN (Secondary credit number) or consumer protection number.
SSNs are generally linked with a large amount of personal information. A positive shift has been noticed in the popularity of CPN among well-known faces and politicians or government officials. Why is it so? People prefer CPN more because SSN demands excess disclosure of information.
Why CPN?
You might be wondering what the use of getting a CPN number is or why you should buy a CPN number. Many people don’t want the world to see their credit history, so they want an escape. Sometimes, they are willing to pay a hefty amount to mask their credit scores and have a new credit identity. And that is right where CPN comes into the scenario.
Getting a CPN number?
The common question faced by many people is how can they get or buy CPN number? If you are one of the many people asking this, you must know there is no legal way as a government agency does not issue the number. It is the reason that getting the number might get hard. You can only get a CPN number to buy a stolen one or buy SSN from the black market.
Even if legitimate credit improvement companies sell CPN numbers, it is considered fraudulent activity. SSN is a number issued by the government, but it doesn’t sell them. Some businesses or credit repair companies might tell you to buy an EIN (employer identification number) by promising that it is a legal substitute for CPN, which is far from the truth.
Why do EINs get issued? The number is issued for tax administration and isn’t used to engage in other activities. One can certainly take loans with the help of the EINs, but they shouldn’t be used as a replacement for SSN.
Businesses, particularly, are attracted towards SSNs only by thinking that they can significantly improve their credit ratings. But it is not as simple as it sounds. A new SSN is only issued by IRS if-
- Sequential SSNs given to the same family members are causing some problems.
- A single SSN is assigned to and is used by more than one person
- If you have become prey to identity theft and have some issues because the original SSN is being used.
- If you are being abused, harassed, or in any danger.
- If you have any cultural or religious objections to the digits in your SSN.
If you also want to get benefits from a CPN number, you can get it from the office of social security administration office without spending a fortune. But, you must know that you cannot get a legal CPN from the internet.
