A criminal could ruin your credit by applying for multiple accounts in your name and failing to pay back borrowed money. Bad credit could keep you from qualifying for a loan or favorable rates. If you’re worried about identity theft or have recently had your Social Security number compromised, you may be wondering how you can protect yourself from fraud. Perhaps you’ve heard a credit privacy number, or CPN, is a way to do that. It is your legal right to keep your Social Security Number private, and use a separate number for any credit related purposes to protect yourself. You can use the existing laws to your advantage for a change. Due to certain rights guaranteed by the 1974 US Privacy Act Title V , you have the right to keep your Social Security Number private and not be denied service due to your refusal. The credit bureaus are not government agencies, so you do not have to give them your 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. This will protect yourself from another Equifax Breach!
Currently the U.S. Government allows you to possess and use another 9
digit number beside your Social Security Number (SSN) to compile your
personal financial information. But you are not allowed to abuse these
numbers and you will be completely responsible for any debts on your
Social Security Number (SSN) and your new credit profile under the CPN
Number / SCN Number.