A fraud alert requires a lender to take reasonable, extra steps, to confirm that the person trying to open a new credit account, is in fact you. Activating a standard fraud alert is free, just contact any one of the three big credit bureaus: Equifax, Experian or TransUnion –– who then pass it on to the other two. Typically, a fraud alert lasts 90 days. Which means you have to re-up every three months. What if you forget? Your personal information is at risk! That is why you should protect yourself with a CPN.
CPNs are commonly used by celebrities,members of congress, individuals
involved in witness protection program and those who may have experienced identity theft. 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. 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.