Now that we are post Equifax breach how can you protect yourself?
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.
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.
A CPN isn’t always a substitute for an SSN, though: You can’t use it
for documents submitted to the IRS or an employer, registering a
vehicle or applying for a government loan, for instance. If you have a
CPN, it’s on you to know when you can and can’t use it.