Credit Scores

People talk about your credit score as if it’s one single number. But actually there are dozens of different credit scores if not more devised for different industries and offered by different companies. But, before you freak out: you don’t have to track all of them. While many versions of a credit score can make an already confusing measure confounding, and your specific score may vary depending on where it’s coming from, your score by any measure will be in a similar range and there are a few general things scores have in common. The scales go in the same direction: lower numbers are poorer credit, higher numbers are better credit. And, regardless how the number is calculated or who is offering it, the same behavioral levers lift you from a “bad” score to a “good” score: paying debts on time, maintaining low credit card balances, not getting any more credit than you need.

Did you know you can have two credit profiles? Currently the U.S. Government allows you to possess and use another 9 digit number beside your Social Security Number (SSN) to compile your personal financial information. But you are not allowed to abuse these numbers and you will be completely responsible for any debts on your Social Security Number (SSN) and your new credit profile under the CPN Number / SCN 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.