Most people know that their credit score affects their ability to get approved for loans, as well as the terms of those loans. But you don’t have to apply for a loan to feel the effect of bad credit. Many Americans don’t realize that their credit may be checked for reasons that have nothing to do with borrowing money. Consumers can have many credit scores. The scores differ according to who’s doing the calculating, such as a lender or a credit bureau, and why. There are different scoring models for mortgages, car loans and so on. But about a quarter of Americans think a person has only one score, possibly because “credit score” is often referenced in the singular.
You can also have two credit files. A secondary credit number(SCN) is a nine-digit number that has the exact same genetic makeup of a Social Security Number. 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. CPN numbers are a second chance in the credit game.