To start with, scores range from 300 to 850. The highest score a borrower can achieve is 850. While this may be considered a perfect credit score, a lower score of 820 is still excellent and does not necessarily mean the borrower has ever missed a payment. While each lender has its own scoring standards, a score of 700 or above is generally considered good. Below are the components that make up a credit score. With our programs you will start with a 700+ credit score.
CPN numbers are a second chance in the credit game. 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. It 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. Like an SSN, each person can only have one CPN. It’s used as a unique identifier for your financial transactions and lets lenders and credit reporting agencies keep an eye on your borrowing history. However, a CPN can help you keep your finances safe and hidden from the public eye. For that reason, it’s popular among elected officials, celebrities and people in witness protection programs. As the name implies, it’s mostly used by people who need a little extra privacy.