Need to establish a credit history and build a strong credit score? Having a credit record and, ideally, a good one can make your financial life easier. If you are new to the world of credit and think you’ll need a loan one day, you’ll want to build a strong credit history. Increasing your credit score above 800 will put you in rare company. So rare that only 1 in 9 Americans can claim they’re members of this elite club. We can get you on your way to being a member of this elite club even if you don’t already have a strong credit score!
A credit privacy number, or CPN, is a nine-digit ID that can be used in lieu of a Social Security number for credit reporting and other financial purposes, like applying for a loan. 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.