There is a number called Social Security Number issued by the US government to their temporary and permanent residents. Through this number, the government keeps a record of your lifelong earnings and your total working years. This number is confidential and thus, you hear about one more number which is CPN which is meant to protect the Social Security Number.
Because of the fear of identity theft and misuse of your Social Security Number, people often consider buying a Credit Privacy Number or CPN, but before considering CPN as your last option, you need to understand what CPN exactly is?
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What is CPN
A CPN is a nine-digit recognizing number sold with the features that it clears bad credit and the people who sell CPN say that it can be used in the place of Social Security Number on crucial credit documents.
*When you get to know that CPN can keep you protected from thefts and also reduce your bad credit, you start thinking to purchase a CPN number, but don’t hurry. If you fill any credit document with your CPN number instead of your Social Security Number, you can be sent to prison because the Federal Trade Commission has declared all the numbers other than Social Security Number, a fraud and if you ever use any other number including CPN, this will be a criminal offense for which you will have to be bear punishment.
Reasons for the existence of CPN
If there is a matter of security, there must be the ways of fraud. Generally, people think about the security of their credit documents too much that they end up getting in scams like CPN. According to the Office of the Inspector General, CPNs are not authorized and recognized by the government.
Credit bureaus often ask for your Social Security Number so that they can verify you as the right person because Social Security Number is the only identity that can be duplicated or copied by scammers.
CPN sellers can create your id by using different information such as phone number and address so that the scam can’t be tracked but they cannot use different SSN because the original 9-digit SSN is issued only once cannot be duplicated or copied.
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Is CPN legal?
The Privacy Act 1974 created CPN so that people don’t have to compulsorily share their SSN with any third party unless in a very extreme case bound by Federal law. Credit Privacy Numbers aren’t illegal but using them is because people use CPNs to restore their credit score which isn’t authorized. So, if a company uses legal CPN then it involves fraud because there is nothing like legal CPNs.
Does CPN fix your bad credit?
No, there is nothing that can fix your credits rather than paying it. That is why, CPNs are illegal because even if a company issues a credit privacy number for you, you cannot do anything by using it except trap in a fraud.
How to avoid CPN scams?
The only way to avoid scams is not to get in the butter-coated offers of companies. If a company offers you any type of credit service including CPN, it is identity fraud. According to the Credit Repair Organisation Act, providing any unreal information about you like name, number, email address or residential address is illegal and comes under identity theft. CPN is all about using different information than your SSN.
Beware of purchasing CPN even from a well-known organization because CPN is a fraud in itself.
How to report if a scam happens?
By any chance, if you end up getting in a scam, then the very first step which you should take is to file a complaint. Fraud-related identity thefts are extremely difficult to track and in most cases, police cannot find the culprit. So, the soon you file the complaint the better. You need to inform all the lawful agencies of all the information you have in order to find the fraud person.
Fraud related to CPN can be reported to local police agencies or to the state authorities. Complaining the fraud at all levels (local, state, and federal) will not only solve your case but will let the government know about the active scammers. So, reporting fraud is the first and only step to getting the culprit arrested.
Ways to get a good credit score without CPN
There are no particular methods to get good credit scores apart from paying your debts on time. You should keep your credit score at less than 30% and try to pay as much debt as possible on time, every time.
You should try some debt relief features such as debt payment bankruptcy, proper debt governance, etc. Building your credit score requires time, so the only way to get a good credit score is to pay off debts on time and keep your credit balance as low as you can.
Sometimes, to prevent ourselves from theft, we take illegal measures unknowingly. CPN is one of them. To keep our SSN private, falling into the trap of CPN is common but the fraud leads you to so many problems. So, it is important that you double-check all possibilities of fraud so that you can avoid the chances to face the worst-case scenarios.
You should always check all the norms and services of those companies from which you buy credit materials because most of the CPN sellers have the power to convince you to purchase their services. And once you buy them, you become a part of fraud for which you can be prosecuted under laws and which cannot be avoided.
Frequently Asked Questions(FAQs)
1. What is CPN?
Ans: CPN stands for Credit Privacy Number, There is a number called Social Security Number issued by the US government to their temporary and permanent residents. which is CPN which is meant to protect the Social Security Number.
2. Is CPN is legal?
Ans: The Privacy Act 1974 created CPN so that people don’t have to compulsorily share their SSN with any third party unless in a very extreme case bound by Federal law, Credit Privacy Numbers aren’t illegal but using them is because people use CPNs to restore their credit score which isn’t authorized.