What is a CPN loan?
A credit privacy number, or CPN, is a nine-digit identifying number similar to a Social Security number. A CPN is sometimes marketed to consumers with bad credit as a path to a fresh credit history. Companies offering CPNs say they can be used instead of a Social Security number on applications for credit.
How do you get a CPN?
What happens when you use a CPN?
Is CPN illegal?
CPN schemes are illegal. Those who purchase a CPN and use it to establish a clean credit file are committing several crimes, including identity theft and making false statements on a loan or credit application.
What is a CPN loan?
A credit privacy number, or CPN, is a nine-digit identifying number similar to a Social Security number. A CPN is sometimes marketed to consumers with bad credit as a path to a fresh credit history. Companies offering CPNs say they can be used instead of a Social Security number on applications for credit.
How much does a CPN cost?
“Websites offering CPNs advertise a new credit file with the use of a CPN, at costs ranging from about $40 to as much as $3,500.
Do Celebrities Use CPN numbers?
The CPN number keeps certain personal information private, so it is commonly used by celebrities, government officials and high- level executives. An individual can be issued only one CPN number over a lifetime and the process is typically handled with the assistance of a legal professional.
How do you get caught with CPN?
A CPN is not issued or recognized by any official government entity. In fact, the only way to get a CPN is to buy a stolen or fake Social Security number. Therefore, even if you come across a business that may look legitimate, we advise you to steer clear!
Who uses CPNs?
The CPN number keeps certain personal information private, so it is commonly used by celebrities, government officials and high- level executives. An individual can be issued only one CPN number over a lifetime and the process is typically handled with the assistance of a legal professional.