There are some major misconceptions about CPN Numbers. What is a CPN Number? It’s a Credit Protection Number and yes, there are legal reasons why someone (mostly a multi-millionaire or celebrity) would need one. In most cases, CPN Numbers are used for illegal purposes like Credit Repair Scams. If you hear someone trying to sell you a CPN number, or do a credit sweep, stay away. Recently a lot of people have been arrested for just being involved in CPN Number scams, or financing a car under a CPN Number.
What is a Credit Privacy Number?
Credit Privacy Number, also known as a CPN is a 9 digit number that masks and protects a social security number. It’s typically used for people such as celebrities, or people who are in a witness protection program and need to have their information protected from the pub
lic eye. However, a CPN is not a replacement for a Social Security Number and should not be used for such purposes.
Why CPNs Are Dangerous
When you hear Credit Profile Number, it is often associated with credit repair companies who offer a “quick-fix” solution for erasing bad credit and creating a “new” credit profile. These companies will often sell recycled SSN’s of the deceased, incarcerated, or even children for a high ticket price, promising fast results and a brand new credit profile. Essentially, your slate is wiped clean and assuming you will be approved using a CPN, you will then receive approvals for credit applications and loans, all while creating and establishing a new credit profile.
However, this is fraud.
If you are looking to repair your bad credit, this is NOT the route to go. This is fraud, shady, unethical, and illegal; and the best part: YOU ARE LIABLE FOR ANY MISUSE OF A CPN AND THE FRAUD COMMITTED. Replacing a SSN with a CPN on any sort of official documents or loan applications is a federal offense, and you will be held responsible.
Avoid Scams, & Do Your Research
Now remember, there is no such thing as quick fix when it comes to legal credit repair. The best route you can take to repairing damaged credit is to start paying your bills on time and keeping balances low on your credit accounts. Though this is not an overnight fix, it will start establishing better relationships with creditors and eventually boost your scores, legally.
Use good judgement when searching for credit repair companies, and do your research as well to make sure you don’t fall victim to a scam, or even worse, in a ring of a scam. Check and double check your sources when investigating a company, and if it seems to good to be true…it probably is.
If you want a legal, moral and ethical way to repair your credit, visit our website: https://CreditCEO.com/