A CPN Number or SCN Number is separate from your Social Security
Number (SSN). It helps to protect one’s Social Security Number (SSN)
from various internet threats such as identity theft. These numbers
can be used in place of the Social Security Number (SSN) when an
individual applies for credit.
Creditors do not get any benefits when their clients get a new credit
file. Based on the 1974 Privacy Act, a person is not obligated to give
his or her Social Security Number (SSN) to any private entities. When
it comes to the legality, CPN Number (Credit Privacy Number) / SCN
Number (Secondary Credit Number) are completely legal. However, it
should be kept in mind that they can be utilized for credit purposes
only and not for deceitful intentions.
Using a CPN Number (Credit Privacy Number) / SCN Number (Secondary
Credit Number) makes it easier to segregate finances in the event of
your data was compromised. Without access to a Social Security Number (SSN) the
thief is somewhat limited in the amount of difficulties they are creating for the rightful owner of the number.
Getting a CPN Number (Credit Privacy Number) / SCN Number (Secondary
Credit Number) does not release a person from his or her previous
debts. In fact the individual remains liable for all debts incurred on
credit accounts referencing a SSN OR CPN OR SCN. Obtaining this number
will not replace old bad credit. That is what makes it different from
any credit repair or restoration scams.
You can use a CPN Number / SCN Number for anything that usually
requires credit reporting purposes.