How can you protect yourself from identity theft? 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. A CPN Number or SCN Number is separate from your Social Security Number (SSN). It helps to protect one’s Social Security Number (SSN) from various internet threats such as identity theft. These numbers can be used in place of the Social Security Number (SSN) when an individual applies for credit.
Credit Privacy Numbers (CPNs) are nine-digit file numbers that follow the same algorithm as Social Security Account Numbers (SSANs) This number will help you protect yourself from identity theft . Currently, federal law allows individuals to legally use CPNs for financial reporting and protects those individuals who do not wish to disclose their SSAN. Individuals who acquire CPNs are completely responsible for any debt they incur using this number.
Getting a CPN Number (Credit Privacy Number) / SCN Number (Secondary Credit Number) does n ot release a person from his or her previous debts. In fact the individual remains liable for all debts incurred on credit accounts referencing a SSN OR CPN OR SCN. Obtaining this number will not replace old bad credit. That is what makes it different from any credit repair or restoration scams. Using a CPN Number (Credit Privacy Number) / SCN Number (Secondary Credit Number) makes it easier to segregate finances in the event of identity theft. Without access to a Social Security Number (SSN) the thief is somewhat limited in the amount of difficulties they are creating for the rightful owner of the number.