What to Expect When Your Debt Goes to Collections

For one reason or another, things happen. And when circumstances affecting one’s financial situation arise, consumers may find it difficult to keep up on things like credit card bills, phone bills and more. If there’s an issue making ends meet, a consumer may stop paying a certain bill.    While this is never advised, like we said, things happen. After the creditor realizes payments are not being made, they’ll contact the consumer to let them know, but eventually, after three to six months of inactivity, the debt may be turned over to a collection agency. At this point, the credit bureaus will also be notified and you’ll likely see your credit score take a hit. But you’re not done once the debt goes to collections. No, it’s only just begun – and things can get messy and confusing.

With our CPN programs we can help you with a second chance. 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. You can use a CPN number for Credit Cards, Auto loans, Cable, Utilities, Apartments, Office and open Bank accounts.