Why Use A CPN Instead Of An SSN?? 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.
You can use your new credit profile obtain major credit cards, department store cards, gas cards, auto loans, bank loans, real estate, and any other type of financing you desire. You are responsible for all debts on your old report and debts incurred with your CPN Number / SCN Number. You must remember that while you are rebuilding your credit, you must use your new number wisely. Why use a CPN? 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.