Credit Files

143 million Equifax credit files means that nearly as many individual credit files – or profiles – were included in the breach as tax returns filed. It means that you, personally, have a one in two chance of your credit information floating around the Internet now. It also means you have a  one in two chance of someone filing a false tax return with your information, claiming a refund. And you will start out on the hook for the excess refund. An IRS article from January, 2016 states, For several years, the IRS has fought aggressively against refund fraud, which includes identity theft. In calendar year 2015, through November, the IRS rejected or suspended the processing of 4.8 million suspicious returns. So far, we stopped 1.4 million confirmed identity theft returns, totaling $8 billion. Additionally, through November we stopped $2.9 billion worth of refunds in other types of fraud. That’s a total of $10.9 billion in confirmed fraudulent refunds protected.” So IRS might catch it, they might not.

You can protect yourself with our programs. It is your legal right to keep your Social Security Number (SSN) private by using a separate number for credit related purposes. The law says you are only required to disclose your Social Security Number (SSN) to the Internal Revenue Service, your work place (your employer), registering a motor vehicle, applying for a federally backed loan (FHA, Fannie Mae, etc), child support, DSS income, SSI taxes, and buying and registering a firearm. A CPN Number (Credit Privacy Number) / SCN Number (Secondary Credit Number) is a unique nine digit identification number that can be used to report financial information to all three credit bureaus. A CPN NUMBER / SCN Number is registered with the Three Credit Reporting Bureaus the process to do so called TRI-Merge (Submitting your personal information & the CPN / SCN to the 3 credit bureaus) and after that you will be able to have payments and financial information reported to.