My name is Rose Jones business women and entrepreneur with a back ground in mortgages.
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It’s called a CPN which stands for Credit Privacy Number. A CPN claims to be a nine-digit identifying number that you can use instead of your Social Security number to protect your privacy on credit documents.
But using a CPN, instead of your real social security number to apply for loan or credit card can spell big trouble. In fact, CPN numbers have turned into one of the fastest growing con’s and frauds here in the US. And people are going to jail because of it.
If your thinking about using a CPN, or even just curious. Consider the following before you do.
#1 – CPN’s Are Not Legitimate First off, CPN’s are not legitimate. I repeat, CPN’s are not legitimate.
Some people claim that attorneys can issue CPN’s to consumers as part of credit repair or as a way to keep their identity private. This is not true. CPN’s are not issued by any government agency. They are not sponsored by the US Government. The Social Security Administration does not issue CPN’s.
The plain fact is CPN’s are nothing more than actual Social Security Numbers that belong to other people. It is identity theft – plain and simple.
If a website tells you they can issue you a CPN legally – they are lying. If an attorney informs that they can set you up with a legitimate CPN for your use – you should tread very carefully. CPN’s are nothing more than a hoax against millions of well intentioned US consumers.
The use of CPN’s has gotten so bad, even the FTC is warning consumers not to fall victim to shady fraudsters encouraging you to use one – FTC Warning.
These companies often sell Social Security numbers illegally. If you use a number other than your own to apply for credit, not only won’t you get credit, but you also could face fines or prison. Federal Trade Commission Warning
#2 – CPN’s Are Used By Credit Repair Companies To Create Synthetic Identities When someone offers to help you to get a CPN number, they are taking you down a very slippery and dangerous slope.
CPN’s are used to create synthetic identities. When a credit repair company promises to improve your credit in a very short period of time they are most likely using a well defined method of forcing you into creating a synthetic identity without you even knowing it. If you are engaging in a process that looks like this OVER ON THE LEFT ITS A CPN. Please realize that you are creating a synthetic identity, ask yourself is it worth jail time and a record.
#3 - Did you know that you can't use your address, job, friends, family or anything that would associate you meaning connecting you to that number it will lock your credit, that's how a lot of people get caught. As well if caught as well as jail or prison anything that you may have gotten is taken and the larger the item the bigger the crime.
Be smart work on restoring you credit and sleep at night in your bed not in a cell.